AMREP (NYSE:AXR) Upgraded by Wall Street Zen to Buy Rating
Wall Street Zen upgraded AMREP (NYSE:AXR) from a "hold" to a "buy" rating in a recent research note. The stock opened at $24.23, with a market cap of $128.66 million and a P/E ratio of 9.77. AMREP reported $0.87 EPS for the last quarter, with a net margin of 27.54%. Institutional investors hold 59.85% of the company's stock. Despite the upgrade, AMREP is currently rated as a "hold" by other analysts, indicating mixed sentiments in the market.
AMREP (NYSE:AXR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.
Separately, Weiss Ratings restated a "hold (c+)" rating on shares of AMREP in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".
Read Our Latest Analysis on AMREP
AMREP Price Performance
Shares of AXR stock opened at $24.23 on Friday. The firm has a 50-day moving average of $23.33 and a 200-day moving average of $22.38. The company has a market cap of $128.66 million, a P/E ratio of 9.77 and a beta of 1.26. AMREP has a one year low of $17.60 and a one year high of $39.67.
AMREP (NYSE:AXR - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The business services provider reported $0.87 earnings per share (EPS) for the quarter. AMREP had a net margin of 27.54% and a return on equity of 10.35%. The business had revenue of $17.85 million during the quarter.
Hedge Funds Weigh In On AMREP
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in AMREP during the first quarter worth about $46,000. Jane Street Group LLC boosted its position in AMREP by 42.1% during the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after purchasing an additional 3,077 shares during the period. Ritholtz Wealth Management boosted its position in AMREP by 42.1% during the second quarter. Ritholtz Wealth Management now owns 17,375 shares of the business services provider's stock worth $364,000 after purchasing an additional 5,144 shares during the period. Koss Olinger Consulting LLC bought a new position in AMREP during the first quarter worth about $434,000. Finally, Geode Capital Management LLC boosted its position in AMREP by 1.7% during the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider's stock worth $703,000 after purchasing an additional 574 shares during the period. Institutional investors own 59.85% of the company's stock.
AMREP Company Profile
(Get Free Report)AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.
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