Acuitas Investments LLC Decreases Position in Franklin Street Properties Corp. (NYSE:FSP)

Acuitas Investments LLC reduced its stake in shares of Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 30.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 920,983 shares of the company's stock after selling 403,914 shares during the quarter. Acuitas Investments LLC owned 0.89% of Franklin Street Properties worth $2,579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Management Group Inc. boosted its holdings in shares of Franklin Street Properties by 1.3% during the fourth quarter. Private Management Group Inc. now owns 5,955,114 shares of the company's stock worth $15,245,000 after purchasing an additional 78,054 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Franklin Street Properties during the fourth quarter worth about $31,000. SVB Wealth LLC purchased a new stake in shares of Franklin Street Properties during the fourth quarter worth about $38,000. Ritholtz Wealth Management purchased a new stake in shares of Franklin Street Properties during the fourth quarter worth about $81,000. Finally, Citigroup Inc. boosted its holdings in shares of Franklin Street Properties by 26,035.6% during the third quarter. Citigroup Inc. now owns 352,830 shares of the company's stock worth $653,000 after purchasing an additional 351,480 shares during the period. 61.41% of the stock is owned by institutional investors.

Franklin Street Properties Stock Down 2.0 %

FSP traded down $0.04 on Thursday, hitting $2.00. The company had a trading volume of 286,646 shares, compared to its average volume of 522,376. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 1.26. Franklin Street Properties Corp. has a 52-week low of $1.13 and a 52-week high of $2.72. The stock has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $2.27. The firm has a market capitalization of $206.86 million, a P/E ratio of -4.17 and a beta of 0.82.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 19th will be issued a $0.01 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.04 annualized dividend and a yield of 2.00%. Franklin Street Properties's dividend payout ratio (DPR) is presently -8.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Franklin Street Properties from a "hold" rating to a "sell" rating in a report on Saturday, April 13th.

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.