StockNews.com upgraded shares of FRP (NASDAQ:FRPH – Free Report) from a hold rating to a buy rating in a research note released on Monday.
FRP Stock Performance
Shares of FRPH stock opened at $29.38 on Monday. The firm’s 50-day simple moving average is $30.09 and its two-hundred day simple moving average is $29.44. FRP has a 52 week low of $26.23 and a 52 week high of $32.50. The firm has a market cap of $558.22 million, a price-to-earnings ratio of 106.84 and a beta of 0.57.
FRP (NASDAQ:FRPH – Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. FRP had a net margin of 12.77% and a return on equity of 1.19%. The company had revenue of $10.11 million for the quarter.
Hedge Funds Weigh In On FRP
FRP Company Profile
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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