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

Five Point (NYSE:FPH) was upgraded by investment analysts at Zelman & Associates from a “neutral” rating to an “outperform” rating in a report released on Monday,Benzinga reports.

Five Point Stock Up 2.1 %

Shares of NYSE:FPH traded up $0.12 during trading on Monday, reaching $5.87. The stock had a trading volume of 632,274 shares, compared to its average volume of 508,416. The stock has a fifty day simple moving average of $3.87 and a two-hundred day simple moving average of $3.63. The firm has a market capitalization of $870.31 million, a price-to-earnings ratio of 8.34 and a beta of 1.46. Five Point has a 52 week low of $2.83 and a 52 week high of $6.02.

Five Point (NYSE:FPH) last released its 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

A number of large investors have recently modified their holdings of FPH. Wellington Management Group LLP increased its position in Five Point by 0.4% during the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after acquiring an additional 4,281 shares during the period. XTX Topco Ltd bought a new position in shares of Five Point during the 3rd quarter worth about $70,000. Pure Financial Advisors LLC acquired a new position in shares of Five Point during the third quarter valued at about $73,000. Jane Street Group LLC bought a new stake in shares of Five Point in the third quarter valued at about $76,000. Finally, SG Americas Securities LLC acquired a new stake in Five Point during the fourth quarter worth about $80,000. 38.09% of the stock is currently 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.