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

Franklin Street Properties (NYSE:FSP) released its quarterly earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10), RTT News reports. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. The firm had revenue of $29.68 million for the quarter. During the same quarter in the previous year, the firm posted ($0.44) earnings per share.

Franklin Street Properties Stock Up 4.8 %

NYSE:FSP traded up $0.09 during midday trading on Friday, reaching $1.86. The company had a trading volume of 190,425 shares, compared to its average volume of 616,021. Franklin Street Properties has a 12-month low of $1.47 and a 12-month high of $2.72. The firm has a market capitalization of $192.12 million, a price-to-earnings ratio of -4.56 and a beta of 0.81. The company has a current ratio of 2.28, a quick ratio of 2.79 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $1.73.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Friday, October 18th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, October 18th. Franklin Street Properties’s dividend payout ratio is currently -10.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.