Franklin Street Properties Corp. (NYSE:FSP) Stock Holdings Increased by Private Management Group Inc.

Private Management Group Inc. grew its position in shares of Franklin Street Properties Corp. (NYSE:FSP) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,438,396 shares of the company’s stock after buying an additional 215,576 shares during the period. Private Management Group Inc. owned about 9.11% of Franklin Street Properties worth $17,272,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FSP. RBF Capital LLC acquired a new stake in shares of Franklin Street Properties during the 3rd quarter valued at approximately $1,795,000. JPMorgan Chase & Co. increased its stake in Franklin Street Properties by 97.1% during the third quarter. JPMorgan Chase & Co. now owns 231,681 shares of the company’s stock valued at $410,000 after purchasing an additional 114,161 shares during the last quarter. Barclays PLC raised its holdings in shares of Franklin Street Properties by 277.4% during the third quarter. Barclays PLC now owns 128,258 shares of the company’s stock worth $227,000 after purchasing an additional 94,274 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Franklin Street Properties in the 2nd quarter worth about $66,000. Finally, Algert Global LLC boosted its holdings in shares of Franklin Street Properties by 123.1% in the 2nd quarter. Algert Global LLC now owns 60,225 shares of the company’s stock valued at $92,000 after buying an additional 33,233 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Franklin Street Properties

In other Franklin Street Properties news, insider Jeffrey B. Carter acquired 18,500 shares of Franklin Street Properties stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $2.12 per share, for a total transaction of $39,220.00. Following the completion of the transaction, the insider now owns 18,500 shares in the company, valued at approximately $39,220. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bruce J. Schanzer bought 110,589 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $1.87 per share, for a total transaction of $206,801.43. Following the completion of the transaction, the director now owns 3,405,463 shares in the company, valued at $6,368,215.81. This trade represents a 3.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 172,400 shares of company stock worth $327,879. Insiders own 6.20% of the company’s stock.

Franklin Street Properties Trading Up 2.8 %

Shares of NYSE FSP opened at $1.83 on Thursday. Franklin Street Properties Corp. has a 12-month low of $1.47 and a 12-month high of $2.47. The company has a market cap of $189.53 million, a price-to-earnings ratio of -4.69 and a beta of 0.82. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $1.86 and its 200 day simple moving average is $1.77.

Franklin Street Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, January 24th. Franklin Street Properties’s dividend payout ratio (DPR) is -10.26%.

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.