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AMREP (AXR) has 1 split in our AXR split history database. The split for AXR took place on December 02, 1986. This was a 3 for 2 split, meaning for each 2 shares of AXR owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as AMREP splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AXR split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AMREP shares, starting with a $10,000 purchase of AXR, presented on a split-history-adjusted basis factoring in the complete AXR split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.26%|
|AMREP is a holding company. Through its subsidiaries, Co. is primarily engaged in two business segments: land development and homebuilding. Co. provides for sale both developed and undeveloped lots to national, regional and local homebuilders, commercial and industrial property developers and others. Activities conducted or arranged by Co. include land and site planning, obtaining governmental and environmental approvals (entitlements), installing utilities and necessary storm drains, ensuring the availability of water service, building or improving roads necessary for land development and constructing community amenities. According to our AXR split history records, AMREP has had 1 split.|
|AXR Split History Table|
|12/02/1986||3 for 2|
|Industrials Stock Splits|
|AXR is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AXR shares outstanding history