Franklin Street Properties (NYSE:FSP) Announces Earnings Results, Misses Estimates By $0.10 EPS

Franklin Street Properties (NYSE:FSP) announced its quarterly earnings data on Tuesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10), RTT News reports. Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. The firm had revenue of $29.68 million during the quarter. During the same period in the prior year, the company earned ($0.44) EPS.

Franklin Street Properties Trading Up 0.8 %

Shares of Franklin Street Properties stock traded up $0.02 during trading on Wednesday, reaching $1.87. 24,933 shares of the company were exchanged, compared to its average volume of 615,535. Franklin Street Properties has a twelve month low of $1.47 and a twelve month high of $2.72. The business has a 50-day moving average price of $1.71 and a 200-day moving average price of $1.73. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $193.19 million, a price-to-earnings ratio of -2.68 and a beta of 0.81.

Franklin Street Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, October 18th. Franklin Street Properties’s dividend payout ratio is presently -5.88%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Monday.

About Franklin Street Properties

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.