Franklin Street Properties Corp. (NYSE:FSP) Shares Purchased by Acuitas Investments LLC

Acuitas Investments LLC lifted its stake in Franklin Street Properties Corp. (NYSE:FSP) by 39.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,075,596 shares of the company’s stock after acquiring an additional 587,401 shares during the period. Franklin Street Properties accounts for approximately 1.7% of Acuitas Investments LLC’s holdings, making the stock its 13th biggest position. Acuitas Investments LLC’s holdings in Franklin Street Properties were worth $3,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cannon Global Investment Management LLC acquired a new position in Franklin Street Properties during the first quarter worth about $25,000. Victory Capital Management Inc. acquired a new position in Franklin Street Properties during the fourth quarter worth about $28,000. Fifth Lane Capital LP acquired a new position in Franklin Street Properties during the first quarter worth about $56,000. Bfsg LLC grew its holdings in Franklin Street Properties by 16.2% during the second quarter. Bfsg LLC now owns 63,410 shares of the company’s stock worth $97,000 after acquiring an additional 8,860 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in Franklin Street Properties during the first quarter worth about $147,000. 61.41% of the stock is currently owned by institutional investors.

Franklin Street Properties Price Performance

NYSE:FSP opened at $1.66 on Friday. The business’s 50-day moving average price is $1.64 and its 200 day moving average price is $1.88. The firm has a market cap of $171.69 million, a P/E ratio of -2.96 and a beta of 0.82. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.72. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.44.

Franklin Street Properties (NYSE:FSP) last released its quarterly earnings results on Tuesday, July 30th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). Franklin Street Properties had a negative net margin of 52.85% and a negative return on equity of 10.06%. The company had revenue of $30.83 million during the quarter. As a group, sell-side analysts predict that Franklin Street Properties Corp. will post 0.13 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Friday, July 19th were issued a $0.01 dividend. The ex-dividend date was Friday, July 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.41%. Franklin Street Properties’s payout ratio is currently -7.14%.

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.