AMREP (NYSE:AXR) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of AMREP (NYSE:AXR – Get Rating) in a research report report published on Monday morning. The brokerage issued a buy rating on the business services provider’s stock.

AMREP Stock Down 2.4 %

AMREP stock opened at $12.39 on Monday. AMREP has a 52 week low of $9.88 and a 52 week high of $16.72. The company has a market capitalization of $65.11 million, a price-to-earnings ratio of 4.82 and a beta of 0.94. The stock has a 50-day moving average price of $11.66 and a 200 day moving average price of $12.28.

AMREP (NYSE:AXR – Get Rating) last released its earnings results on Monday, December 12th. The business services provider reported $0.68 EPS for the quarter. AMREP had a return on equity of 18.63% and a net margin of 26.03%. The firm had revenue of $16.15 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMREP stock. Vanguard Group Inc. lifted its holdings in shares of AMREP Co. (NYSE:AXR – Get Rating) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,387 shares of the business services provider’s stock after buying an additional 25,857 shares during the quarter. Vanguard Group Inc. owned approximately 3.32% of AMREP worth $1,967,000 as of its most recent SEC filing. 26.42% of the stock is owned by institutional investors and hedge funds.

About AMREP

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AMREP Corp. engages in the real estate businesses. It focuses on the entitlement, development and sale of land for residential, commercial, and industrial uses. The firm operates through the following segments: Land Development, Homebuilding, and Corporate. The company was founded in 1961 and is headquartered in Havertown, PA.