StockNews.com cut shares of AMREP (NYSE:AXR – Free Report) from a hold rating to a sell rating in a research note released on Thursday.
AMREP Stock Performance
Shares of AXR stock opened at $22.20 on Thursday. AMREP has a 52-week low of $15.38 and a 52-week high of $24.36. The firm has a market capitalization of $116.99 million, a P/E ratio of 41.11 and a beta of 0.91. The stock has a 50 day moving average price of $19.94 and a 200 day moving average price of $21.01.
Insider Buying and Selling
In other AMREP news, VP Adrienne Uleau sold 1,833 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $20.26, for a total transaction of $37,136.58. Following the transaction, the vice president now directly owns 6,034 shares in the company, valued at approximately $122,248.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AMREP news, VP Adrienne Uleau sold 1,833 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $20.26, for a total transaction of $37,136.58. Following the transaction, the vice president now directly owns 6,034 shares in the company, valued at approximately $122,248.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder James H. Dahl acquired 10,000 shares of AMREP stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $20.95 per share, for a total transaction of $209,500.00. Following the completion of the acquisition, the insider now directly owns 376,207 shares in the company, valued at $7,881,536.65. The disclosure for this purchase can be found here. In the last three months, insiders acquired 33,035 shares of company stock valued at $670,025 and sold 5,366 shares valued at $111,193. 37.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
About AMREP
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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