Franklin Street Properties Corp. (NYSE:FSP) Declares $0.01 Quarterly Dividend

Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) declared a quarterly dividend on Friday, July 11th, RTT News reports. Stockholders of record on Friday, July 25th will be paid a dividend of 0.01 per share on Thursday, August 14th. This represents a $0.04 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, July 25th.

Franklin Street Properties has a payout ratio of -12.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Franklin Street Properties to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 36.4%.

Franklin Street Properties Stock Performance

Shares of FSP traded up $0.04 during midday trading on Monday, reaching $1.74. 158,985 shares of the stock were exchanged, compared to its average volume of 401,255. The company has a market capitalization of $180.21 million, a price-to-earnings ratio of -3.48 and a beta of 0.87. 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 has a twelve month low of $1.36 and a twelve month high of $2.21. The business's 50-day moving average price is $1.72 and its 200 day moving average price is $1.75.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Franklin Street Properties

An institutional investor recently bought a new position in Franklin Street Properties stock. Jane Street Group LLC bought a new stake in Franklin Street Properties Corp. (NYSE:FSP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,373 shares of the company's stock, valued at approximately $33,000. Institutional investors own 61.41% of the company's stock.

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.