James H. Dahl and Rainey E. Lancaster, recognized as ten percent owners of AMREP CORP. (NASDAQ:AXR), have executed a joint acquisition of 3,075 common shares on June 22, 2026. The total value of this transaction stands at $78,666.
The shares were procured at a weighted average price of $25.5827 per share, with individual transaction prices falling between $25.13 and $26.00. This purchase price aligns closely with the current stock price of $25.87. Over the past six months, AXR shares have experienced a 39% surge. According to InvestingPro analysis, the stock trades near its Fair Value, supported by a P/E ratio of 10.85.
Following these acquisitions, James H. Dahl directly holds 501,708 common shares. Mr. Dahl also maintains indirect holdings of 229,151 shares across two IRA accounts, specifically a ROTH Conversion Account and an IRA Account. Additionally, 94,120 shares are held by the Dahl Family Foundation, Inc., in which neither Mr. Dahl nor any member of his family has a pecuniary interest.
Rainey E. Lancaster directly holds 173,750 common shares. Ms. Lancaster is noted as a member of a group with James H. Dahl for purposes of Section 13(d) of the Exchange Act.
In other recent news, Freedom Broker has downgraded AMREP's stock rating from Buy to Hold, despite raising the price target to $30 from $23. Analyst Zhiger Kurmet noted the company's strong quarterly performance as a factor in this decision. The company's land sales have rebounded, and its homebuilding segment has shown steady execution. These developments reflect positive operational progress for AMREP.
The downgrade comes amid these improvements, suggesting a more cautious stance from the brokerage. This decision highlights the complexity of market evaluations, where positive performance metrics do not always translate into a higher stock rating. Investors may take note of the raised price target as an indication of potential value, even as the overall rating shifts.
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