Five Point Holdings LLC (NYSE:FPH)’s share price reached a new 52-week low on Thursday . The company traded as low as $7.89 and last traded at $8.02, with a volume of 8588 shares changing hands. The stock had previously closed at $8.31.
FPH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Five Point from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research report on Monday, October 15th. Citigroup reiterated a “neutral” rating and issued a $12.00 price objective (down from $20.00) on shares of Five Point in a research report on Wednesday, June 27th. Finally, Royal Bank of Canada lowered their price objective on shares of Five Point to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 27th. They noted that the move was a valuation call.
Five Point (NYSE:FPH) last posted its quarterly earnings data on Monday, August 13th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Five Point had a net margin of 129.91% and a negative return on equity of 1.34%. The firm had revenue of $13.09 million during the quarter. As a group, research analysts anticipate that Five Point Holdings LLC will post -0.23 earnings per share for the current year.
Five Point Company Profile (NYSE:FPH)
Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.
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