FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.26 and traded as high as $31.48. FRP shares last traded at $31.18, with a volume of 36,743 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded FRP from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th.
View Our Latest Report on FRPH
FRP Price Performance
The company has a market cap of $597.16 million, a price-to-earnings ratio of 78.45 and a beta of 0.50. The firm has a 50 day moving average price of $30.50 and a two-hundred day moving average price of $30.28.
Institutional Investors Weigh In On FRP
Several institutional investors and hedge funds have recently made changes to their positions in FRPH. Palisades Investment Partners LLC grew its stake in FRP by 8.1% during the fourth quarter. Palisades Investment Partners LLC now owns 45,697 shares of the financial services provider's stock worth $1,400,000 after purchasing an additional 3,411 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in FRP by 92.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 38,447 shares of the financial services provider's stock worth $1,178,000 after purchasing an additional 18,452 shares during the period. Two Sigma Advisers LP grew its stake in FRP by 18.8% during the fourth quarter. Two Sigma Advisers LP now owns 12,000 shares of the financial services provider's stock worth $368,000 after purchasing an additional 1,900 shares during the period. Two Sigma Investments LP acquired a new stake in FRP during the fourth quarter worth approximately $476,000. Finally, Lazard Asset Management LLC grew its stake in FRP by 40.0% during the fourth quarter. Lazard Asset Management LLC now owns 14,648 shares of the financial services provider's stock worth $448,000 after purchasing an additional 4,187 shares during the period. Institutional investors and hedge funds own 45.42% of the company's stock.
About FRP
(
Get Free Report)
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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