Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) Director Bruce J. Schanzer acquired 43,311 shares of the company's stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $1.89 per share, for a total transaction of $81,857.79. Following the completion of the acquisition, the director now owns 3,489,374 shares of the company's stock, valued at $6,594,916.86. This trade represents a 1.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Franklin Street Properties Stock Down 0.5 %
FSP opened at $2.08 on Wednesday. The company has a market cap of $215.42 million, a PE ratio of -5.33 and a beta of 0.82. Franklin Street Properties Corp. has a twelve month low of $1.47 and a twelve month high of $2.72. The company has a 50-day moving average price of $1.83 and a 200 day moving average price of $1.72. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41.
Franklin Street Properties (NYSE:FSP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). The firm had revenue of $29.68 million for the quarter. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. During the same period in the prior year, the firm earned ($0.44) earnings per share. Sell-side analysts expect that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.
Franklin Street Properties Dividend Announcement
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The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, October 18th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, October 18th. This represents a $0.04 annualized dividend and a yield of 1.92%. Franklin Street Properties's dividend payout ratio (DPR) is presently -10.26%.
Institutional Investors Weigh In On Franklin Street Properties
A number of large investors have recently modified their holdings of FSP. BNP Paribas Financial Markets lifted its stake in shares of Franklin Street Properties by 33.4% in the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company's stock worth $38,000 after buying an additional 5,433 shares in the last quarter. XTX Topco Ltd purchased a new position in Franklin Street Properties in the 3rd quarter worth approximately $39,000. Point72 DIFC Ltd acquired a new position in shares of Franklin Street Properties during the 2nd quarter worth approximately $34,000. Virtu Financial LLC acquired a new position in shares of Franklin Street Properties during the 3rd quarter worth approximately $43,000. Finally, SG Americas Securities LLC grew its position in shares of Franklin Street Properties by 92.1% in the third quarter. SG Americas Securities LLC now owns 32,846 shares of the company's stock valued at $58,000 after purchasing an additional 15,750 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Franklin Street Properties from a "hold" rating to a "sell" rating in a research report on Monday, October 28th.
Get Our Latest Stock Analysis on FSP
Franklin Street Properties Company Profile
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Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.
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