Zacks Investment Research has recently initiated coverage of AMREP Corporation (AXR) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the land development and homebuilding space despite industry challenges.AMREP, operating substantially from Rio Rancho, NM, engages in activities such as land and site planning, obtaining governmental and environmental approvals, installing utilities, and constr ...