Russell Investments Group Ltd. lessened its stake in Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 41.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,688 shares of the company's stock after selling 422,102 shares during the quarter. Russell Investments Group Ltd. owned 0.56% of Franklin Street Properties worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of FSP. Wells Fargo & Company MN raised its position in Franklin Street Properties by 22.6% in the 4th quarter. Wells Fargo & Company MN now owns 67,651 shares of the company's stock worth $124,000 after buying an additional 12,468 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Franklin Street Properties during the 4th quarter valued at about $47,000. Barclays PLC grew its stake in shares of Franklin Street Properties by 14.4% during the 4th quarter. Barclays PLC now owns 146,707 shares of the company's stock valued at $268,000 after purchasing an additional 18,449 shares during the period. MetLife Investment Management LLC grew its stake in shares of Franklin Street Properties by 118.0% during the 4th quarter. MetLife Investment Management LLC now owns 36,712 shares of the company's stock valued at $67,000 after purchasing an additional 19,873 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Franklin Street Properties by 118.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,654 shares of the company's stock valued at $36,000 after purchasing an additional 10,674 shares during the period. Hedge funds and other institutional investors own 61.41% of the company's stock.
Franklin Street Properties Stock Performance
Shares of NYSE:FSP traded up $0.01 during mid-day trading on Wednesday, reaching $1.67. 390,992 shares of the company traded hands, compared to its average volume of 369,502. The company's 50 day moving average price is $1.66 and its 200-day moving average price is $1.70. The firm has a market cap of $173.16 million, a PE ratio of -3.34 and a beta of 0.96. 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 52 week low of $1.36 and a 52 week high of $2.21.
Franklin Street Properties (NYSE:FSP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.08) EPS for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. On average, equities analysts expect that Franklin Street Properties Corp. will post 0.12 EPS for the current fiscal year.
Franklin Street Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, July 25th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.04 dividend on an annualized basis and a yield of 2.4%. Franklin Street Properties's payout ratio is currently -7.69%.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Franklin Street Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
Get Our Latest Stock Analysis on FSP
About Franklin Street Properties
(
Free Report)
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.
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