Madison Avenue Partners LP Trims Holdings in Franklin Street Properties Corp. (NYSE:FSP)

Madison Avenue Partners LP reduced its stake in shares of Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 17.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,733,418 shares of the company's stock after selling 558,025 shares during the quarter. Franklin Street Properties makes up 0.5% of Madison Avenue Partners LP's holdings, making the stock its 12th largest position. Madison Avenue Partners LP owned 2.64% of Franklin Street Properties worth $5,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in FSP. Tower Research Capital LLC TRC lifted its stake in shares of Franklin Street Properties by 118.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,654 shares of the company's stock worth $36,000 after purchasing an additional 10,674 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Franklin Street Properties in the fourth quarter valued at about $47,000. EMC Capital Management raised its stake in Franklin Street Properties by 120.4% in the fourth 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 during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Franklin Street Properties in the fourth quarter valued at about $59,000. Finally, MetLife Investment Management LLC raised its stake in Franklin Street Properties by 118.0% in the fourth quarter. MetLife Investment Management LLC now owns 36,712 shares of the company's stock valued at $67,000 after buying an additional 19,873 shares during the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Franklin Street Properties Stock Down 0.6%

Franklin Street Properties stock traded down $0.01 during midday trading on Friday, reaching $1.77. The company's stock had a trading volume of 488,057 shares, compared to its average volume of 541,091. The stock's 50-day simple moving average is $1.64 and its 200-day simple moving average is $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 52-week low of $1.36 and a 52-week high of $2.21. The stock has a market capitalization of $183.31 million, a P/E ratio of -3.54 and a beta of 0.85.

Franklin Street Properties (NYSE:FSP - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.08) EPS 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 period in the previous year, the firm earned $0.03 earnings per share. On average, sell-side analysts expect that Franklin Street Properties Corp. will post 0.12 EPS for the current year.

Franklin Street Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, April 17th. Franklin Street Properties's payout ratio is -6.25%.

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.