Franklin Street Properties (NYSE:FSP) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Franklin Street Properties (NYSE:FSP) from a hold rating to a sell rating in a report issued on Thursday morning.

Franklin Street Properties Stock Performance

NYSE:FSP opened at $1.77 on Thursday. The company has a fifty day moving average of $1.64 and a 200-day moving average of $1.79. The firm has a market capitalization of $183.31 million, a P/E ratio of -3.54 and a beta of 0.85. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. Franklin Street Properties has a twelve month low of $1.36 and a twelve month high of $2.21.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th were paid a $0.01 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.04 annualized dividend and a dividend yield of 2.26%. Franklin Street Properties’s dividend payout ratio is currently -6.25%.

Institutional Trading of Franklin Street Properties

Several hedge funds have recently modified their holdings of FSP. Tower Research Capital LLC TRC increased its stake in shares of Franklin Street Properties by 118.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 19,654 shares of the company’s stock valued at $36,000 after acquiring an additional 10,674 shares in the last quarter. GAMMA Investing LLC increased its stake in Franklin Street Properties by 78.0% during the 1st quarter. GAMMA Investing LLC now owns 22,531 shares of the company’s stock valued at $40,000 after purchasing an additional 9,873 shares in the last quarter. XTX Topco Ltd bought a new stake in Franklin Street Properties during the 1st quarter valued at $46,000. Raymond James Financial Inc. bought a new stake in Franklin Street Properties during the 4th quarter valued at $47,000. Finally, ProShare Advisors LLC increased its stake in Franklin Street Properties by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 27,470 shares of the company’s stock valued at $50,000 after purchasing an additional 9,040 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

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.