Five Point (NYSE:FPH) Upgraded 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, Marketbeat Ratings reports.

Five Point Price Performance

Shares of NYSE:FPH opened at $6.04 on Monday. The business’s 50-day moving average is $4.00 and its 200-day moving average is $3.69. Five Point has a 1 year low of $2.83 and a 1 year high of $6.37. The company has a market capitalization of $894.93 million, a price-to-earnings ratio of 8.62 and a beta of 1.46.

Five Point (NYSE:FPH) last posted its quarterly earnings results 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%.

Hedge Funds Weigh In On Five Point

A number of institutional investors and hedge funds have recently made changes to their positions in FPH. XTX Topco Ltd bought a new position in Five Point in the third quarter worth approximately $70,000. Pure Financial Advisors LLC bought a new position in shares of Five Point in the 3rd quarter worth $73,000. Jane Street Group LLC acquired a new stake in Five Point in the 3rd quarter valued at $76,000. SG Americas Securities LLC bought a new stake in Five Point during the 4th quarter valued at $80,000. Finally, Virtu Financial LLC acquired a new position in Five Point during the third quarter worth $105,000. Institutional investors own 38.09% of the company’s stock.

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.