Franklin Street Properties Corp. (NYSE:FSP) Director Buys $81,857.79 in Stock

Franklin Street Properties Corp. (NYSE:FSP) Director Bruce J. Schanzer bought 43,311 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $1.89 per share, for a total transaction of $81,857.79. Following the completion of the purchase, the director now owns 3,489,374 shares in the company, valued at approximately $6,594,916.86. This represents a 1.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Franklin Street Properties Trading Down 8.7 %

Shares of NYSE:FSP opened at $1.90 on Thursday. The business’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.72. Franklin Street Properties Corp. has a 1 year low of $1.47 and a 1 year high of $2.72. The firm has a market capitalization of $196.78 million, a price-to-earnings ratio of -4.87 and a beta of 0.82. 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 (NYSE:FSP) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. The company had revenue of $29.68 million for the quarter. During the same quarter last year, the firm posted ($0.44) earnings per share. On average, equities research analysts forecast that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, October 18th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, October 18th. Franklin Street Properties’s payout ratio is -10.26%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Franklin Street Properties

Several large investors have recently bought and sold shares of FSP. Bank of New York Mellon Corp lifted its position in shares of Franklin Street Properties by 1,005.2% in the second quarter. Bank of New York Mellon Corp now owns 299,743 shares of the company’s stock valued at $459,000 after acquiring an additional 272,622 shares in the last quarter. Bfsg LLC raised its stake in Franklin Street Properties by 16.2% in the 2nd quarter. Bfsg LLC now owns 63,410 shares of the company’s stock valued at $97,000 after purchasing an additional 8,860 shares during the last quarter. Rhumbline Advisers lifted its holdings in Franklin Street Properties by 3,118.3% in the 2nd quarter. Rhumbline Advisers now owns 102,984 shares of the company’s stock valued at $158,000 after purchasing an additional 99,784 shares in the last quarter. Acuitas Investments LLC boosted its stake in 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 last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Franklin Street Properties by 9.7% during the second quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock worth $3,732,000 after buying an additional 215,358 shares in the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

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.