Deutsche Bank AG Makes New Investment in Franklin Street Properties Corp. (NYSE:FSP)

Deutsche Bank AG bought a new position in Franklin Street Properties Corp. (NYSE:FSP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 164,178 shares of the company's stock, valued at approximately $300,000. Deutsche Bank AG owned about 0.16% of Franklin Street Properties at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FSP. SG Americas Securities LLC boosted its position in shares of Franklin Street Properties by 25.6% during the fourth quarter. SG Americas Securities LLC now owns 41,253 shares of the company's stock valued at $75,000 after buying an additional 8,407 shares during the period. Rhumbline Advisers boosted its holdings in Franklin Street Properties by 6.1% during the 4th quarter. Rhumbline Advisers now owns 99,345 shares of the company's stock valued at $182,000 after acquiring an additional 5,675 shares during the period. Private Management Group Inc. increased its stake in Franklin Street Properties by 2.3% in the fourth quarter. Private Management Group Inc. now owns 9,438,396 shares of the company's stock worth $17,272,000 after purchasing an additional 215,576 shares during the period. Bank of America Corp DE boosted its stake in shares of Franklin Street Properties by 0.6% during the fourth quarter. Bank of America Corp DE now owns 5,210,885 shares of the company's stock valued at $9,536,000 after purchasing an additional 29,773 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Franklin Street Properties by 78.6% in the fourth quarter. JPMorgan Chase & Co. now owns 413,898 shares of the company's stock worth $757,000 after purchasing an additional 182,217 shares during the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Franklin Street Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.

Franklin Street Properties Stock Performance

FSP stock traded down $0.03 during trading on Wednesday, reaching $1.76. The company had a trading volume of 252,566 shares, compared to its average volume of 496,162. The company has a market cap of $182.28 million, a price-to-earnings ratio of -3.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. Franklin Street Properties Corp. has a twelve month low of $1.36 and a twelve month high of $2.21. The firm has a 50-day simple moving average of $1.64 and a 200-day simple moving average of $1.79.

Franklin Street Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th were issued a $0.01 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.04 dividend on an annualized basis and a yield of 2.27%. Franklin Street Properties's payout ratio is -6.25%.

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.