AMREP (NYSE:AXR) Upgraded by Wall Street Zen to Buy Rating

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 AMREPAMREP Price PerformanceShares 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 AMREPInstitutional 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.Read MoreFive stocks we like better than AMREPInsider Buying Explained: What Investors Need to KnowJohnson & Johnson's M&A Strategy Is the Real Story for InvestorsHow to Short a Stock in 5 Easy Steps Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?High Flyers: 3 Natural Gas Stocks for March 2022Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AMREP Right Now?Before you consider AMREP, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMREP wasn't on the list.While AMREP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here