AMREP (NYSE:AXR) Announces Earnings Results

AMREP (NYSE:AXR) posted its quarterly earnings results on Friday. The business services provider reported $0.13 earnings per share (EPS) for the quarter, Zacks reports. AMREP had a net margin of 19.52% and a return on equity of 10.31%.

AMREP Trading Down 0.7 %

Shares of AXR stock traded down $0.17 during trading hours on Friday, hitting $23.05. The company’s stock had a trading volume of 8,824 shares, compared to its average volume of 18,360. The company has a 50 day moving average of $29.28 and a 200 day moving average of $29.59. AMREP has a 12-month low of $15.88 and a 12-month high of $39.68. The stock has a market cap of $121.87 million, a PE ratio of 10.02 and a beta of 0.95.

Insider Buying and Selling

In other AMREP news, Director Robert Robotti sold 13,000 shares of AMREP stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.56, for a total transaction of $410,280.00. Following the completion of the transaction, the director now owns 296,594 shares in the company, valued at approximately $9,360,506.64. This trade represents a 4.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 37.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered AMREP from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th.

AMREP Company Profile

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.