FRP (NASDAQ:FRPH) Issues Earnings Results

FRP (NASDAQ:FRPH) released its quarterly earnings data on Wednesday. The financial services provider reported $0.09 earnings per share for the quarter, Zacks reports. FRP had a return on equity of 1.67% and a net margin of 18.35%.

FRP Price Performance

Shares of FRPH stock traded up $0.01 on Wednesday, hitting $31.00. The stock had a trading volume of 42,323 shares, compared to its average volume of 28,627. The firm has a market capitalization of $589.93 million, a P/E ratio of 77.50 and a beta of 0.50. FRP has a 1 year low of $26.99 and a 1 year high of $33.00. The company’s 50 day moving average price is $30.58 and its 200-day moving average price is $30.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded FRP from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

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.