Marshall Wace LLP Sells 228,663 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Marshall Wace LLP reduced its holdings in shares of Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 425,408 shares of the company's stock after selling 228,663 shares during the period. Marshall Wace LLP owned about 0.41% of Franklin Street Properties worth $778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its position in Franklin Street Properties by 14.4% in the fourth quarter. Barclays PLC now owns 146,707 shares of the company's stock valued at $268,000 after acquiring an additional 18,449 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Franklin Street Properties in the 4th quarter worth about $47,000. Wells Fargo & Company MN increased its position in shares of Franklin Street Properties by 22.6% during the 4th quarter. Wells Fargo & Company MN now owns 67,651 shares of the company's stock worth $124,000 after purchasing an additional 12,468 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in Franklin Street Properties during the 4th quarter valued at about $59,000. Finally, JPMorgan Chase & Co. boosted its position in Franklin Street Properties by 78.6% in the fourth quarter. JPMorgan Chase & Co. now owns 413,898 shares of the company's stock valued at $757,000 after buying an additional 182,217 shares in the last quarter. Institutional investors own 61.41% of the company's stock.

Franklin Street Properties Stock Performance

NYSE FSP opened at $1.50 on Friday. Franklin Street Properties Corp. has a 1-year low of $1.36 and a 1-year high of $2.21. The company has a 50 day moving average of $1.70 and a 200-day moving average of $1.81. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38. The firm has a market cap of $155.35 million, a price-to-earnings ratio of -3.00 and a beta of 0.74.

Franklin Street Properties (NYSE:FSP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.08) earnings per share (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 prior year, the company posted $0.03 earnings per share. On average, equities analysts forecast that Franklin Street Properties Corp. will post 0.12 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, April 17th. Franklin Street Properties's payout ratio is presently -8.00%.

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.

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