Five Point (NYSE:FPH) Issues Earnings Results

Key Points

• Five Point (NYSE:FPH) reported $0.05 earnings per share (EPS) for the quarter, with a revenue of $7.47 million and a net margin of 39.43%.
• Following the earnings report, shares of Five Point declined by $0.97, closing at $5.47, indicating a significant trading activity with over 1 million shares exchanged.
• Royal Bank of Canada increased its stake in Five Point by 66.3% during the first quarter, reflecting growing interest from institutional investors.

Five Point (NYSE:FPH - Get Free Report) issued its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $7.47 million during the quarter. Five Point had a return on equity of 3.64% and a net margin of 39.43%.

Five Point Stock Performance

Shares of Five Point stock traded down $0.97 on Friday, hitting $5.47. The company's stock had a trading volume of 1,186,616 shares, compared to its average volume of 162,313. Five Point has a 1 year low of $2.89 and a 1 year high of $6.71. The firm has a fifty day moving average price of $5.71 and a 200-day moving average price of $5.42. The company has a market capitalization of $812.70 million, a price-to-earnings ratio of 5.01 and a beta of 1.53.

Hedge Funds Weigh In On Five Point

A hedge fund recently raised its stake in Five Point stock. Royal Bank of Canada lifted its holdings in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 66.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,847 shares of the company's stock after purchasing an additional 35,818 shares during the period. Royal Bank of Canada owned about 0.06% of Five Point worth $481,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 38.09% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Five Point from a "strong-buy" rating to a "hold" rating in a report on Saturday.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.

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