Madison Avenue Partners LP decreased its position in Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,733,418 shares of the company's stock after selling 558,025 shares during the period. Franklin Street Properties comprises 0.5% of Madison Avenue Partners LP's investment portfolio, making the stock its 12th biggest position. Madison Avenue Partners LP owned approximately 2.64% of Franklin Street Properties worth $5,002,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in Franklin Street Properties by 118.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,654 shares of the company's stock worth $36,000 after buying an additional 10,674 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Franklin Street Properties in the 4th quarter worth approximately $47,000. EMC Capital Management grew its position in Franklin Street Properties by 120.4% in the 4th quarter. EMC Capital Management now owns 30,425 shares of the company's stock worth $56,000 after purchasing an additional 16,621 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Franklin Street Properties in the fourth quarter valued at approximately $59,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 19,873 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Franklin Street Properties from a "hold" rating to a "sell" rating in a research note on Thursday.
Get Our Latest Research Report on Franklin Street Properties
Franklin Street Properties Trading Down 0.3%
Franklin Street Properties stock traded down $0.01 during midday trading on Monday, hitting $1.77. 89,437 shares of the stock were exchanged, compared to its average volume of 537,003. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. Franklin Street Properties Corp. has a 52 week low of $1.36 and a 52 week high of $2.21. The company has a fifty day simple moving average of $1.64 and a two-hundred day simple moving average of $1.79. The stock has a market capitalization of $182.80 million, a PE ratio of -3.53 and a beta of 0.85.
Franklin Street Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.04 dividend on an annualized basis and a yield of 2.27%. Franklin Street Properties's payout ratio is -6.25%.
About Franklin Street Properties
(
Free Report)
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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