Five Point (NYSE:FPH) Announces 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) released its earnings results on Thursday. The company reported $0.05 EPS for the quarter, Zacks reports. Five Point had a net margin of 39.43% and a return on equity of 3.61%. The firm had revenue of $7.47 million for the quarter.

Five Point Stock Performance

Shares of FPH traded down $0.16 during mid-day trading on Wednesday, hitting $5.28. 320,703 shares of the stock were exchanged, compared to its average volume of 271,745. The company has a market cap of $785.19 million, a PE ratio of 4.84 and a beta of 1.53. Five Point has a 52-week low of $2.89 and a 52-week high of $6.71. The firm has a 50-day moving average of $5.71 and a two-hundred day moving average of $5.46.

Institutional Investors Weigh In On Five Point

An institutional investor recently raised its position in Five Point stock. Royal Bank of Canada grew its holdings in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 66.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,847 shares of the company's stock after buying an additional 35,818 shares during the quarter. Royal Bank of Canada owned 0.06% of Five Point worth $481,000 at the end of the most recent reporting period. 38.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Five Point from a "strong-buy" rating to a "hold" rating in a research note on Saturday.

Five Point Company Profile

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.