Dimensional Fund Advisors LP Sells 193,004 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Dimensional Fund Advisors LP trimmed its position in Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757,020 shares of the company's stock after selling 193,004 shares during the period. Dimensional Fund Advisors LP owned 0.73% of Franklin Street Properties worth $1,385,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FSP. Raymond James Financial Inc. purchased a new stake in Franklin Street Properties in the fourth quarter valued at approximately $47,000. EMC Capital Management raised its position in shares of Franklin Street Properties by 120.4% during the 4th quarter. EMC Capital Management now owns 30,425 shares of the company's stock valued at $56,000 after buying an additional 16,621 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Franklin Street Properties during the 4th quarter worth $59,000. SG Americas Securities LLC grew its position in Franklin Street Properties by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 41,253 shares of the company's stock worth $75,000 after acquiring an additional 8,407 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Franklin Street Properties by 252.6% in the fourth quarter. Intech Investment Management LLC now owns 45,731 shares of the company's stock worth $84,000 after acquiring an additional 32,760 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Franklin Street Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.

Franklin Street Properties Stock Performance

NYSE:FSP opened at $1.83 on Thursday. The company has a market capitalization of $189.53 million, a price-to-earnings ratio of -3.66 and a beta of 0.85. The business has a 50 day moving average of $1.65 and a 200 day moving average of $1.79. 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 1-year low of $1.36 and a 1-year high of $2.21.

Franklin Street Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, April 17th. Franklin Street Properties's dividend payout ratio is presently -6.25%.

About Franklin Street Properties

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.