AMREP (NYSE:AXR) Stock Passes Above 200 Day Moving Average – Should You Sell?

AMREP Corporation (NYSE:AXR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.41 and traded as high as $25.04. AMREP shares last traded at $25.2480, with a volume of 2,599 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Freedom Capital downgraded AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings raised shares of AMREP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, AMREP currently has an average rating of “Hold”.

AMREP Stock Up 0.1%

The company has a fifty day moving average of $26.07 and a two-hundred day moving average of $24.41. The stock has a market capitalization of $134.07 million, a price-to-earnings ratio of 10.52 and a beta of 1.12.

Insider Transactions at AMREP

In other AMREP news, Director Timothy S. Mcnaney bought 1,765 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was bought at an average price of $28.17 per share, for a total transaction of $49,720.05. Following the completion of the transaction, the director owned 1,765 shares in the company, valued at approximately $49,720.05. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder James H. Dahl acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of $27.74 per share, with a total value of $138,700.00. Following the completion of the transaction, the insider directly owned 483,977 shares in the company, valued at approximately $13,425,521.98. The trade was a 1.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 25,515 shares of company stock valued at $675,398. 37.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AXR. NBC Securities Inc. increased its position in AMREP by 65.0% during the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock worth $31,000 after purchasing an additional 650 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of AMREP in the 1st quarter valued at $46,000. Barclays PLC boosted its holdings in shares of AMREP by 781.7% in the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 2,478 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of AMREP by 42.1% in the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of AMREP during the 3rd quarter valued at $453,000. 59.85% of the stock is currently owned by institutional investors and hedge funds.

AMREP Company Profile

AMREP Corporation (NYSE: AXR) is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.

Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.