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

StockNews.com upgraded shares of FRP (NASDAQ:FRPH) from a hold rating to a buy rating in a research report released on Monday morning.

FRP Price Performance

Shares of FRPH stock opened at $29.33 on Monday. The company has a market cap of $557.27 million, a P/E ratio of 106.65 and a beta of 0.57. FRP has a one year low of $26.23 and a one year high of $32.50. The firm has a 50-day moving average of $30.11 and a 200-day moving average of $29.44.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank raised its stake in FRP by 7.4% in the 1st quarter. Swiss National Bank now owns 14,500 shares of the financial services provider’s stock valued at $838,000 after acquiring an additional 1,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of FRP by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 469,931 shares of the financial services provider’s stock worth $27,162,000 after purchasing an additional 4,782 shares in the last quarter. Guardian Wealth Management Inc. raised its position in shares of FRP by 1.8% in the first quarter. Guardian Wealth Management Inc. now owns 18,981 shares of the financial services provider’s stock valued at $1,097,000 after purchasing an additional 330 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of FRP by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 47,247 shares of the financial services provider’s stock valued at $2,731,000 after buying an additional 1,150 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in FRP in the 1st quarter worth approximately $151,000. Institutional investors own 45.42% of the company’s stock.

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.