Bruce J. Schanzer Buys 43,311 Shares of Franklin Street Properties Corp. (NYSE:FSP) Stock

Franklin Street Properties Corp. (NYSE:FSP) Director Bruce J. Schanzer purchased 43,311 shares of the company’s 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 transaction, the director now directly owns 3,489,374 shares in the company, valued at approximately $6,594,916.86. This represents a 1.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Franklin Street Properties Trading Down 2.6 %

NYSE:FSP opened at $1.85 on Friday. The firm has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $1.73. Franklin Street Properties Corp. has a one year low of $1.47 and a one year high of $2.72. The firm has a market cap of $191.60 million, a P/E ratio of -4.74 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28.

Franklin Street Properties (NYSE:FSP) last issued 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). The business had revenue of $29.68 million for the quarter. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. During the same quarter last year, the firm posted ($0.44) earnings per share. Equities analysts anticipate that Franklin Street Properties Corp. will post 0.14 EPS for the current fiscal year.

Franklin Street Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, October 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.16%. 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

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in Franklin Street Properties by 33.4% in the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after purchasing an additional 5,433 shares in the last quarter. Bfsg LLC boosted its holdings in shares of Franklin Street Properties by 11.1% in the 3rd quarter. Bfsg LLC now owns 70,430 shares of the company’s stock valued at $125,000 after buying an additional 7,020 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Franklin Street Properties by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock worth $58,000 after buying an additional 15,750 shares during the last quarter. State Street Corp raised its stake 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 worth $2,134,000 after acquiring an additional 20,987 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Franklin Street Properties during the third quarter valued at approximately $39,000. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.