Franklin Street Properties Corp. (NYSE:FSP) Insider Jeffrey B. Carter Purchases 18,500 Shares of Stock

Franklin Street Properties Corp. (NYSE:FSP) insider Jeffrey B. Carter purchased 18,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $2.12 per share, for a total transaction of $39,220.00. Following the completion of the purchase, the insider now directly owns 18,500 shares of the company’s stock, valued at approximately $39,220. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Franklin Street Properties Price Performance

Shares of NYSE:FSP opened at $2.09 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Franklin Street Properties Corp. has a 52 week low of $1.47 and a 52 week high of $2.72. The firm has a market cap of $216.46 million, a PE ratio of -5.36 and a beta of 0.82. The firm’s fifty day moving average is $1.82 and its 200-day moving average is $1.72.

Franklin Street Properties (NYSE:FSP) last announced its earnings results on Tuesday, October 29th. The company reported ($0.15) EPS 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 company had revenue of $29.68 million for the quarter. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. Sell-side analysts predict that Franklin Street Properties Corp. will post 0.14 earnings per share for the current year.

Franklin Street Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, October 18th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, October 18th. Franklin Street Properties’s payout ratio is presently -10.26%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Franklin Street Properties by 33.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock valued at $38,000 after purchasing an additional 5,433 shares during the last quarter. XTX Topco Ltd acquired a new position in Franklin Street Properties in the third quarter valued at $39,000. Point72 DIFC Ltd acquired a new position in Franklin Street Properties in the second quarter valued at $34,000. Virtu Financial LLC bought a new stake in Franklin Street Properties during the third quarter valued at $43,000. Finally, SG Americas Securities LLC grew its holdings in Franklin Street Properties by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock worth $58,000 after acquiring an additional 15,750 shares during the period. Institutional investors own 61.41% of the company’s stock.

Analyst Upgrades and Downgrades

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