JPMorgan Chase & Co. Raises Stake in Franklin Street Properties Corp. (NYSE:FSP)

JPMorgan Chase & Co. boosted its position in shares of Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 78.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,898 shares of the company's stock after buying an additional 182,217 shares during the period. JPMorgan Chase & Co. owned approximately 0.40% of Franklin Street Properties worth $757,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FSP. State Street Corp boosted its position in shares of Franklin Street Properties by 1.8% during the 3rd quarter. State Street Corp now owns 1,205,604 shares of the company's stock valued at $2,134,000 after acquiring an additional 20,987 shares during the last quarter. Barclays PLC lifted its position in Franklin Street Properties by 277.4% during the third quarter. Barclays PLC now owns 128,258 shares of the company's stock valued at $227,000 after purchasing an additional 94,274 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Franklin Street Properties in the 3rd quarter worth $43,000. SG Americas Securities LLC increased its holdings in shares of Franklin Street Properties by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 41,253 shares of the company's stock worth $75,000 after buying an additional 8,407 shares during the last quarter. Finally, 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. Hedge funds and other institutional investors own 61.41% of the company's stock.

Franklin Street Properties Trading Up 4.7 %

Shares of NYSE FSP traded up $0.07 during trading hours on Friday, hitting $1.57. 324,394 shares of the company traded hands, compared to its average volume of 526,375. The stock has a market capitalization of $162.60 million, a price-to-earnings ratio of -3.14 and a beta of 0.74. The company's 50 day moving average price is $1.69 and its 200 day moving average price is $1.81. Franklin Street Properties Corp. has a 12 month low of $1.36 and a 12 month 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.

Franklin Street Properties (NYSE:FSP - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported ($0.08) earnings per share for the quarter. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts anticipate that Franklin Street Properties Corp. will post 0.12 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.04 annualized dividend and a dividend yield of 2.55%. Franklin Street Properties's dividend payout ratio (DPR) is presently -8.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Franklin Street Properties from a "sell" rating to a "hold" rating in a research note on Friday.

Franklin Street Properties 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.