Peapod Lane Capital LLC Sells 1,781,294 Shares of Franklin Street Properties Corp. $FSP

Key Points

• Peapod Lane Capital LLC cut its stake in Franklin Street Properties by 74.4%, selling 1,781,294 shares and retaining 614,235 shares (about 0.59% of the company) worth $581,000.
• Franklin Street's stock was down 2.6% and opened at $0.62, trading near its 50‑day average of $0.68 and 200‑day average of $0.92, with a market cap of $64.7 million and a negative P/E of -1.25.
• Other institutional activity included Cambria Investment Management increasing its stake by 15.6% and new positions from CIBC Bancorp USA, Verition, Prelude Capital and Man Group, with institutions owning about 61.41% of the shares.

Peapod Lane Capital LLC cut its holdings in Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 74.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 614,235 shares of the company's stock after selling 1,781,294 shares during the period. Peapod Lane Capital LLC owned 0.59% of Franklin Street Properties worth $581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cambria Investment Management L.P. boosted its holdings in Franklin Street Properties by 15.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 343,845 shares of the company's stock worth $550,000 after buying an additional 46,465 shares during the period. CIBC Bancorp USA Inc. bought a new position in Franklin Street Properties in the 3rd quarter valued at $27,000. Verition Fund Management LLC bought a new position in Franklin Street Properties in the 3rd quarter valued at $72,000. Prelude Capital Management LLC bought a new position in Franklin Street Properties in the 3rd quarter valued at $236,000. Finally, Man Group plc bought a new position in Franklin Street Properties in the 3rd quarter valued at $44,000. 61.41% of the stock is owned by institutional investors.

Franklin Street Properties Stock Down 2.6%

Shares of NYSE:FSP opened at $0.62 on Friday. The firm has a fifty day moving average price of $0.68 and a two-hundred day moving average price of $0.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. Franklin Street Properties Corp. has a one year low of $0.56 and a one year high of $2.05. The company has a market cap of $64.70 million, a price-to-earnings ratio of -1.25 and a beta of 0.97.

Franklin Street Properties Profile

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.

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