Insider Buying: “AmREIT, Inc.” Director Purchases 1,000 Shares of Stock (AMRE)
“AmREIT, Inc.” (NASDAQ:AMRE) Director Brent Longnecker acquired 1,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were purchased at an average cost of $16.79 per share, for a total transaction of $16,790.00. Following the purchase, the director now directly owns 74,626 shares in the company, valued at approximately $1,252,971. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
“AmREIT, Inc.” (NASDAQ:AMRE) traded down 0.30% during mid-day trading on Thursday, hitting $16.75. The stock had a trading volume of 54,915 shares. “AmREIT, Inc.” has a 1-year low of $16.22 and a 1-year high of $21.06. The stock’s 50-day moving average is $16.89 and its 200-day moving average is $17.62. The company has a market cap of $328.8 million and a price-to-earnings ratio of 25.04.
“AmREIT, Inc.” (NASDAQ:AMRE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $11.62 million for the quarter, compared to the consensus estimate of $9.98 million.
AmREIT, Inc (NASDAQ:AMRE) is a full-service, vertically integrated and self-administered real estate investment trust (REIT), which owns, operates, acquires and selectively develops and redevelops neighborhood and community shopping centers, which it refers to as Irreplaceable Corners.
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