Zacks Investment Research cut shares of Five Point (NYSE:FPH) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Five Point Holdings LLC, designs and develops mixed-use, master-planned communities primarily in coastal California. It offer homes, commercial, retail, educational and recreational elements as well as civic areas, parks and open spaces. The company’s communities consist of Great Park Neighborhoods(R) in Irvine, Newhall Ranch(R) near Valencia and The San Francisco Shipyard/Candlestick Point in the City of San Francisco. Five Point Holdings LLC is headquartered in Aliso Viejo, California. “
Five Point (NYSE FPH) traded up $0.02 during mid-day trading on Tuesday, hitting $14.02. 465,900 shares of the company were exchanged, compared to its average volume of 133,197. Five Point has a 12-month low of $12.00 and a 12-month high of $16.74.
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About Five Point
Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.
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