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

Franklin Street Properties Corp. (NYSE:FSP) Director Bruce J. Schanzer bought 43,311 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $1.89 per share, for a total transaction of $81,857.79. Following the completion of the purchase, the director now directly owns 3,489,374 shares in the company, valued at approximately $6,594,916.86. This trade represents a 1.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Franklin Street Properties Stock Performance

NYSE FSP traded down $0.01 on Tuesday, hitting $2.08. 435,765 shares of the stock traded hands, compared to its average volume of 597,950. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The business’s fifty day moving average is $1.83 and its two-hundred day moving average is $1.72. Franklin Street Properties Corp. has a 12 month low of $1.47 and a 12 month high of $2.72. The firm has a market capitalization of $215.42 million, a price-to-earnings ratio of -5.23 and a beta of 0.82.

Franklin Street Properties (NYSE:FSP) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. The firm had revenue of $29.68 million for the quarter. During the same period last year, the firm earned ($0.44) EPS. As a group, equities analysts anticipate that Franklin Street Properties Corp. will post 0.14 EPS for the current fiscal year.

Franklin Street Properties Announces Dividend

The firm 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 1.92%. The ex-dividend date of this dividend was Friday, October 18th. Franklin Street Properties’s dividend payout ratio (DPR) is currently -10.26%.

Institutional Trading of Franklin Street Properties

A number of institutional investors have recently modified their holdings of the business. Private Management Group Inc. raised its holdings in Franklin Street Properties by 7.9% during the 3rd quarter. Private Management Group Inc. now owns 9,222,820 shares of the company’s stock valued at $16,324,000 after acquiring an additional 673,231 shares during the period. Acadian Asset Management LLC raised its stake in shares of Franklin Street Properties by 9.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock valued at $3,732,000 after purchasing an additional 215,358 shares during the period. Acuitas Investments LLC raised its stake in shares of Franklin Street Properties by 39.5% during the 2nd quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company’s stock valued at $3,176,000 after purchasing an additional 587,401 shares during the period. State Street Corp increased its position in shares of Franklin Street Properties by 1.8% during the third quarter. State Street Corp now owns 1,205,604 shares of the company’s stock valued at $2,134,000 after buying an additional 20,987 shares during the period. Finally, RBF Capital LLC purchased a new position in Franklin Street Properties during the third quarter valued at approximately $1,795,000. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.