Franklin Street Properties (NYSE:FSP - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.
Franklin Street Properties Price Performance
Franklin Street Properties stock traded down $0.02 during midday trading on Friday, reaching $2.11. 259,681 shares of the company were exchanged, compared to its average volume of 550,694. Franklin Street Properties has a 1 year low of $1.13 and a 1 year high of $2.72. The company has a market capitalization of $217.72 million, a price-to-earnings ratio of -4.48 and a beta of 0.82. The firm's 50-day simple moving average is $2.29 and its 200-day simple moving average is $2.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 1.26.
Institutional Investors Weigh In On Franklin Street Properties
Large investors have recently made changes to their positions in the business. Madison Avenue Partners LP grew its stake in Franklin Street Properties by 246.0% during the 4th quarter. Madison Avenue Partners LP now owns 5,044,026 shares of the company's stock valued at $13,770,000 after purchasing an additional 3,586,047 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Franklin Street Properties in the 1st quarter valued at about $4,803,000. Morgan Stanley boosted its holdings in shares of Franklin Street Properties by 86.3% in the fourth quarter. Morgan Stanley now owns 2,843,367 shares of the company's stock valued at $7,762,000 after acquiring an additional 1,316,732 shares in the last quarter. Bank of America Corp DE grew its holdings in Franklin Street Properties by 178.5% during the fourth quarter. Bank of America Corp DE now owns 2,013,898 shares of the company's stock worth $5,498,000 after acquiring an additional 1,290,815 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in Franklin Street Properties during the first quarter valued at approximately $2,796,000. Institutional investors and hedge funds own 61.41% of the company's stock.
About Franklin Street Properties
(
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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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