Franklin Street Properties (NYSE:FSP) Posts Earnings Results, Misses Estimates By $0.10 EPS

Franklin Street Properties (NYSE:FSP) issued its earnings results on Tuesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10), RTT News reports. Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. During the same quarter in the prior year, the firm earned ($0.44) EPS.

Franklin Street Properties Stock Performance

FSP stock remained flat at $1.85 during midday trading on Wednesday. The company’s stock had a trading volume of 30,447 shares, compared to its average volume of 615,476. The firm has a 50-day moving average price of $1.71 and a two-hundred day moving average price of $1.73. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.44. The stock has a market cap of $191.60 million, a P/E ratio of -2.68 and a beta of 0.81. Franklin Street Properties has a 12 month low of $1.47 and a 12 month high of $2.72.

Franklin Street Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Friday, October 18th will be issued a $0.01 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a yield of 2.16%. Franklin Street Properties’s payout ratio is currently -5.88%.

Wall Street Analyst Weigh In

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

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.