Five Point (NYSE:FPH) Upgraded to Outperform at Zelman & Associates

Zelman & Associates upgraded shares of Five Point (NYSE:FPH) from a neutral rating to an outperform rating in a report published on Monday morning,Benzinga reports.

Five Point Price Performance

Shares of FPH stock opened at $6.20 on Monday. The company has a market cap of $919.99 million, a P/E ratio of 8.86 and a beta of 1.46. The stock’s 50-day moving average is $3.92 and its 200 day moving average is $3.65. Five Point has a 1-year low of $2.83 and a 1-year high of $6.31.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of Five Point by 0.4% in the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after buying an additional 4,281 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Five Point in the 3rd quarter valued at $70,000. Pure Financial Advisors LLC purchased a new position in Five Point in the 3rd quarter worth $73,000. Jane Street Group LLC acquired a new stake in Five Point during the 3rd quarter worth about $76,000. Finally, SG Americas Securities LLC acquired a new stake in Five Point during the 4th quarter worth about $80,000. 38.09% of the stock is owned by institutional investors and hedge funds.

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.