Franklin Street Properties Corp. (NYSE:FSP) Director Bruce J. Schanzer Acquires 43,311 Shares

Franklin Street Properties Corp. (NYSE:FSP) Director Bruce J. Schanzer acquired 43,311 shares of Franklin Street Properties stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $1.89 per share, with a total value of $81,857.79. Following the purchase, the director now directly owns 3,489,374 shares of the company’s stock, valued at $6,594,916.86. This represents a 1.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Franklin Street Properties Stock Down 0.5 %

Shares of FSP stock opened at $2.08 on Wednesday. The stock’s fifty day moving average price is $1.83 and its 200 day moving average price is $1.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. Franklin Street Properties Corp. has a 1-year low of $1.47 and a 1-year high of $2.72. The company has a market cap of $215.42 million, a price-to-earnings ratio of -5.33 and a beta of 0.82.

Franklin Street Properties (NYSE:FSP) last released 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). Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. The company had revenue of $29.68 million during the quarter. During the same period in the previous year, the business earned ($0.44) EPS. On average, research analysts expect that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, October 18th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, October 18th. Franklin Street Properties’s payout ratio is -10.26%.

Institutional Investors Weigh In On Franklin Street Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Management Group Inc. boosted its stake in shares of Franklin Street Properties by 7.9% in the third quarter. Private Management Group Inc. now owns 9,222,820 shares of the company’s stock worth $16,324,000 after buying an additional 673,231 shares during the last quarter. Acadian Asset Management LLC boosted its position in Franklin Street Properties by 9.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock worth $3,732,000 after purchasing an additional 215,358 shares in the last quarter. Acuitas Investments LLC grew its stake in shares of Franklin Street Properties by 39.5% during the 2nd quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company’s stock worth $3,176,000 after purchasing an additional 587,401 shares during the period. State Street Corp increased its holdings in shares of Franklin Street Properties by 1.8% during the 3rd quarter. State Street Corp now owns 1,205,604 shares of the company’s stock valued at $2,134,000 after purchasing an additional 20,987 shares in the last quarter. Finally, RBF Capital LLC acquired a new position in shares of Franklin Street Properties in the 3rd quarter valued at $1,795,000. 61.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Monday, October 28th.

Franklin Street Properties Company Profile

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.