Franklin Street Properties (NYSE:FSP) Releases Earnings Results

Key Points

• Franklin Street Properties reported a quarterly earnings per share (EPS) of ($0.08) for the recent quarter, alongside a negative net margin of 43.90%.
• The company declared a $0.01 quarterly dividend, with a dividend yield of 2.33%, scheduled for payment on August 14th.
• Wall Street analysts recently downgraded Franklin Street Properties from a "hold" rating to a "sell" rating, indicating concerns about the company's future performance.

Franklin Street Properties (NYSE:FSP - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share for the quarter, RTT News reports. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%.

Franklin Street Properties Stock Performance

Shares of FSP traded down $0.04 during mid-day trading on Friday, hitting $1.61. The company's stock had a trading volume of 267,167 shares, compared to its average volume of 380,293. Franklin Street Properties has a one year low of $1.36 and a one year high of $2.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $166.74 million, a PE ratio of -3.22 and a beta of 0.87. The stock's 50-day moving average is $1.73 and its two-hundred day moving average is $1.74.

Franklin Street Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, July 25th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 25th. Franklin Street Properties's dividend payout ratio is currently -7.69%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Franklin Street Properties stock. Strs Ohio bought a new stake in Franklin Street Properties Corp. (NYSE:FSP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,200 shares of the company's stock, valued at approximately $32,000. 61.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.