Five Point (NYSE:FPH) Stock Rating Upgraded by Zelman & Associates

Five Point (NYSE:FPH) was upgraded by Zelman & Associates from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday,Benzinga reports.

Five Point Trading Down 4.3 %

Five Point stock opened at $5.96 on Monday. The business’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $3.67. Five Point has a 12 month low of $2.83 and a 12 month high of $6.37. The company has a market cap of $883.07 million, a price-to-earnings ratio of 8.51 and a beta of 1.46.

Five Point (NYSE:FPH) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.65 earnings per share (EPS) for the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FPH. XTX Topco Ltd purchased a new position in shares of Five Point during the 3rd quarter valued at about $70,000. Pure Financial Advisors LLC purchased a new position in shares of Five Point during the third quarter worth approximately $73,000. Jane Street Group LLC bought a new stake in shares of Five Point in the 3rd quarter worth approximately $76,000. SG Americas Securities LLC bought a new stake in shares of Five Point in the 4th quarter worth approximately $80,000. Finally, Virtu Financial LLC purchased a new stake in shares of Five Point in the 3rd quarter valued at $105,000. 38.09% of the stock is owned by institutional investors.

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.