FRP (NASDAQ:FRPH - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.
FRP Trading Up 1.1 %
Shares of FRPH traded up $0.33 during mid-day trading on Monday, reaching $30.17. The company had a trading volume of 20,261 shares, compared to its average volume of 19,680. The stock has a market cap of $286.62 million, a price-to-earnings ratio of 54.85 and a beta of 0.57. The firm has a fifty day simple moving average of $30.12 and a 200-day simple moving average of $29.43. FRP has a fifty-two week low of $26.23 and a fifty-two week high of $32.50.
FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share for the quarter. FRP had a net margin of 12.77% and a return on equity of 1.19%. The firm had revenue of $10.11 million during the quarter.
Institutional Investors Weigh In On FRP
A number of large investors have recently added to or reduced their stakes in FRPH. Vanguard Group Inc. grew its stake in shares of FRP by 1.8% during the third quarter. Vanguard Group Inc. now owns 636,795 shares of the financial services provider's stock valued at $34,616,000 after acquiring an additional 11,212 shares in the last quarter. BlackRock Inc. increased its holdings in FRP by 0.9% during the 2nd quarter. BlackRock Inc. now owns 556,559 shares of the financial services provider's stock worth $32,041,000 after purchasing an additional 4,997 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FRP by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider's stock valued at $33,630,000 after buying an additional 10,860 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FRP by 4.0% during the first quarter. Geode Capital Management LLC now owns 137,941 shares of the financial services provider's stock worth $7,984,000 after buying an additional 5,284 shares in the last quarter. Finally, State Street Corp increased its stake in shares of FRP by 0.8% in the third quarter. State Street Corp now owns 136,018 shares of the financial services provider's stock worth $7,394,000 after buying an additional 1,092 shares during the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.
About FRP
(
Get Free Report)
FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.
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