Franklin Street Properties Corp. (NYSE:FSP) Short Interest Down 19.7% in August

Key Points

• Franklin Street Properties Corp. (NYSE:FSP) experienced a significant decline in short interest of 19.7% in August, dropping to 679,400 shares by August 31st.
• The company's stock recently traded at $1.65 and has a market capitalization of $171.09 million, with a negative PE ratio of -3.30.
• Franklin Street Properties declared a quarterly dividend of $0.01 per share, resulting in an annualized dividend of $0.04 with a yield of 2.4%.

Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 679,400 shares, a decline of 19.7% from the August 15th total of 845,700 shares. Based on an average trading volume of 370,200 shares, the short-interest ratio is currently 1.8 days. Currently, 0.9% of the shares of the stock are short sold. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 370,200 shares, the short-interest ratio is currently 1.8 days.

Franklin Street Properties Price Performance

Franklin Street Properties stock traded up $0.01 during midday trading on Thursday, reaching $1.65. The company's stock had a trading volume of 471,656 shares, compared to its average volume of 368,419. Franklin Street Properties has a 52 week low of $1.36 and a 52 week high of $2.21. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $1.65 and a 200-day moving average price of $1.68. The stock has a market cap of $171.09 million, a PE ratio of -3.30 and a beta of 0.96.

Franklin Street Properties (NYSE:FSP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.08) earnings per share 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, sell-side analysts predict that Franklin Street Properties will post 0.12 EPS for the current year.

Franklin Street Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, July 25th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, July 25th. Franklin Street Properties's payout ratio is -7.69%.

Institutional Trading of Franklin Street Properties

Several hedge funds and other institutional investors have recently made changes to their positions in FSP. Quadrature Capital Ltd bought a new stake in Franklin Street Properties in the second quarter valued at approximately $31,000. Strs Ohio acquired a new position in Franklin Street Properties in the first quarter valued at approximately $32,000. Jane Street Group LLC acquired a new position in Franklin Street Properties in the first quarter valued at approximately $33,000. GAMMA Investing LLC lifted its stake in Franklin Street Properties by 78.0% in the first quarter. GAMMA Investing LLC now owns 22,531 shares of the company's stock valued at $40,000 after buying an additional 9,873 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Franklin Street Properties in the second quarter valued at approximately $43,000. 61.41% of the stock is currently owned by institutional investors.

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.

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