StockNews.com cut shares of FRP (NASDAQ:FRPH – Free Report) from a buy rating to a hold rating in a report issued on Saturday.
FRP Stock Performance
Shares of NASDAQ:FRPH opened at $28.86 on Friday. The company has a market capitalization of $548.92 million, a PE ratio of 93.10 and a beta of 0.47. The stock has a fifty day moving average of $28.97 and a 200-day moving average of $29.74. FRP has a one year low of $26.59 and a one year high of $32.50.
Insider Activity
In related news, EVP John D. Milton, Jr. sold 1,500 shares of FRP stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $30.40, for a total value of $45,600.00. Following the transaction, the executive vice president now owns 960 shares of the company’s stock, valued at approximately $29,184. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On FRP
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.
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