Wall Street Zen changes AMREP rating: what it means for AMREP stock

Published on 10/25/2026 at 01:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wall Street Zen shifted AMREP from strong sell to sell on October 11, 2026. For AMREP stock, fiscal first-quarter revenue was USD 6.05 million, down 66.10 percent.

Rating change and operating scale

Wall Street Zen moved AMREP from strong sell to sell on October 11, 2026.
Fiscal first-quarter revenue was USD 6.05 million, down 66.10 percent year over year.
AMREP had a USD 111.4 million market capitalization and a USD 17.61 to USD 29.01 52-week range as of October 23, 2026.

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AMREP (ISIN US0321591051) was moved by Wall Street Zen from strong sell to sell on October 11, 2026, according to MarketBeat. The change followed AMREP's fiscal first-quarter results, which showed a sharp contraction in revenue and net income.

What does the rating change mean?

The rating moved one step away from the strongest bearish category, but the published consensus remained Hold with a USD 22.00 average price target. MarketBeat also reported that Freedom Broker had cut its target from USD 26.00 to USD 22.00 on September 15, 2026. That target revision gives investors a concrete measure of the more cautious view around the company.

Revenue fell in fiscal 2027

AMREP reported USD 6.05 million in revenue for the three months ended July 31, 2026, compared with USD 17.85 million in the same period of fiscal 2026, according to the company's AMREP investor-relations release. That was a 66.10 percent year-over-year decline. Net income fell to USD 276,000 from USD 4.692 million, while diluted earnings per share dropped to USD 0.05 from USD 0.87.

The result matters because AMREP's business combines real estate development, land holdings and fulfillment services. Revenue can vary with the timing and type of land or home transactions, so one quarter does not provide a complete earnings picture. It does, however, explain why the latest rating discussion centers on operating volatility rather than only on the share price.

Stock valuation and trading context

AMREP was last at USD 20.93 on the NYSE on October 23, 2026, at 4:00 p.m. ET. The 52-week range was USD 17.61 to USD 29.01, and market capitalization was USD 111.4 million at the quote timestamp. The stock therefore remained below the USD 22.00 consensus target cited by MarketBeat, although target comparisons are not forecasts.