StockNews.com Upgrades FRP (NASDAQ:FRPH) to “Buy”

FRP (NASDAQ:FRPH) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

FRP Stock Up 1.1 %

Shares of NASDAQ:FRPH traded up $0.33 during trading on Monday, reaching $30.17. 20,261 shares of the company traded hands, compared to its average volume of 19,680. FRP has a 1-year low of $26.23 and a 1-year high of $32.50. The firm has a market cap of $286.62 million, a P/E ratio of 54.85 and a beta of 0.57. The firm has a fifty day simple moving average of $30.12 and a 200 day simple moving average of $29.43.

FRP (NASDAQ:FRPH) last issued its earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share for the quarter. The company had revenue of $10.11 million for the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%.

Institutional Investors Weigh In On FRP

Large investors have recently bought and sold shares of the business. Citigroup Inc. grew its holdings in FRP by 111.4% during the first quarter. Citigroup Inc. now owns 446 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 235 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in FRP by 63.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 554 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 216 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in FRP during the fourth quarter valued at about $50,000. UBS Group AG grew its position in shares of FRP by 108.3% in the second quarter. UBS Group AG now owns 1,281 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 666 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of FRP by 533.8% in the fourth quarter. Barclays PLC now owns 1,800 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,516 shares during the period. 45.42% of the stock is currently owned by institutional investors.

About FRP

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.