Franklin Street Properties (NYSE:FSP) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Franklin Street Properties (NYSE:FSP) from a sell rating to a hold rating in a report released on Saturday morning.

Franklin Street Properties Trading Down 4.5 %

NYSE:FSP opened at $1.69 on Friday. The company has a 50-day moving average price of $1.68 and a 200-day moving average price of $1.80. The stock has a market cap of $174.80 million, a price-to-earnings ratio of -3.16 and a beta of 0.82. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.44. Franklin Street Properties has a 12 month low of $1.47 and a 12 month high of $2.72.

Franklin Street Properties (NYSE:FSP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. The company had revenue of $30.83 million during the quarter. Equities analysts predict that Franklin Street Properties will post 0.13 EPS for the current year.

Franklin Street Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, July 19th were paid a $0.01 dividend. The ex-dividend date was Friday, July 19th. This represents a $0.04 annualized dividend and a yield of 2.37%. Franklin Street Properties’s payout ratio is -7.14%.

Institutional Trading of Franklin Street Properties

A number of hedge funds have recently modified their holdings of FSP. Quadrature Capital Ltd lifted its position in Franklin Street Properties by 59.8% during the 4th quarter. Quadrature Capital Ltd now owns 131,345 shares of the company’s stock valued at $337,000 after acquiring an additional 49,174 shares during the period. Confluence Investment Management LLC bought a new stake in shares of Franklin Street Properties in the 1st quarter worth approximately $2,796,000. Cannon Global Investment Management LLC bought a new stake in shares of Franklin Street Properties in the 1st quarter worth approximately $25,000. Fifth Lane Capital LP purchased a new stake in shares of Franklin Street Properties in the 1st quarter worth approximately $56,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Franklin Street Properties by 38.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 221,282 shares of the company’s stock valued at $502,000 after buying an additional 61,038 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

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.