Five Point Holdings LLC (NYSE:FPH) has earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.75.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Five Point from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. TheStreet upgraded shares of Five Point from a “d+” rating to a “c-” rating in a research report on Wednesday, May 8th. JMP Securities reduced their price target on shares of Five Point from $19.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Monday, April 8th. Royal Bank of Canada set a $10.00 price target on shares of Five Point and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Deutsche Bank reduced their price target on shares of Five Point from $15.00 to $8.00 and set a “hold” rating on the stock in a research report on Monday, March 18th.
In related news, major shareholder Anchorage Capital Group, L.L.C sold 3,200,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $7.95, for a total transaction of $25,440,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.58% of the stock is owned by corporate insiders.
Shares of NYSE FPH opened at $7.52 on Friday. The stock’s 50-day moving average is $7.70. The firm has a market cap of $1.11 billion, a P/E ratio of -20.89 and a beta of 1.11. Five Point has a 12-month low of $6.64 and a 12-month high of $12.39.
Five Point Company Profile
Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The company operates through four segments: Newhall, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates properties; and provides development management services.
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