First Property Group (LON:FPO) Trading 12.2% Higher – What’s Next?

Shares of First Property Group plc (LON:FPO) rose 12.2% during mid-day trading on Tuesday . The company traded as high as GBX 15.15 and last traded at GBX 15.15. Approximately 260,509 shares were traded during mid-day trading, an increase of 294% from the average session volume of 66,192 shares. The stock had previously closed at GBX 13.50.

First Property Group Stock Performance

The stock has a market cap of £22.92 million, a price-to-earnings ratio of 8.57 and a beta of 0.23. The company has a debt-to-equity ratio of 18.96, a current ratio of 10.25 and a quick ratio of 0.97. The firm has a fifty day moving average of GBX 12.88 and a 200 day moving average of GBX 13.61.

First Property Group (LON:FPO) last released its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.81 earnings per share for the quarter. First Property Group had a return on equity of 5.63% and a net margin of 30.77%.The company had revenue of GBX 872 million for the quarter. As a group, sell-side analysts forecast that First Property Group plc will post 0.2694795 EPS for the current year.

Insider Buying and Selling

In other First Property Group news, insider Ben Habib purchased 250,000 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average price of GBX 14 per share, with a total value of £35,000. Corporate insiders own 27.61% of the company’s stock.

About First Property Group

First Property Group plc is an award winning property fund manager and investor with operations in the United Kingdom and Central Europe. The Group’s focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. Its earnings are derived from:

1. Fund management – via its FCA regulated and AIFMD approved subsidiary, First Property Asset Management Ltd (FPAM), which earns fees from investing for third parties in property.