FRP (NASDAQ:FRPH – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.
FRP Price Performance
FRPH stock opened at $29.45 on Friday. FRP has a 1-year low of $26.59 and a 1-year high of $32.50. The business has a 50 day simple moving average of $28.99 and a two-hundred day simple moving average of $29.75. The company has a market capitalization of $560.14 million, a price-to-earnings ratio of 95.00 and a beta of 0.47.
Insider Activity at FRP
In other FRP news, EVP John D. Milton, Jr. sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $30.40, for a total value of $45,600.00. Following the sale, the executive vice president now owns 960 shares in the company, valued at approximately $29,184. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On FRP
FRP Company Profile
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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