Franklin Street Properties Corp. (NYSE:FSP) Insider Jeffrey B. Carter Acquires 18,500 Shares

Franklin Street Properties Corp. (NYSE:FSP) insider Jeffrey B. Carter acquired 18,500 shares of Franklin Street Properties stock in a transaction on Monday, December 16th. The shares were bought at an average price of $2.12 per share, with a total value of $39,220.00. Following the purchase, the insider now directly owns 18,500 shares in the company, valued at approximately $39,220. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Franklin Street Properties Price Performance

Shares of Franklin Street Properties stock traded up $0.08 on Monday, hitting $2.09. The company’s stock had a trading volume of 553,376 shares, compared to its average volume of 598,641. The company has a market capitalization of $216.46 million, a price-to-earnings ratio of -5.15 and a beta of 0.82. The firm has a fifty day moving average price of $1.82 and a 200-day moving average price of $1.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Franklin Street Properties Corp. has a 1 year low of $1.47 and a 1 year high of $2.72.

Franklin Street Properties (NYSE:FSP) last announced its earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. The business had revenue of $29.68 million for the quarter. During the same quarter last year, the business earned ($0.44) EPS. As a group, sell-side analysts anticipate that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, October 18th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.04 annualized dividend and a dividend yield of 1.91%. Franklin Street Properties’s dividend payout ratio (DPR) is -10.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Monday, October 28th.

Institutional Trading of Franklin Street Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Management Group Inc. boosted its holdings in Franklin Street Properties by 7.9% in the 3rd quarter. Private Management Group Inc. now owns 9,222,820 shares of the company’s stock worth $16,324,000 after buying an additional 673,231 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Franklin Street Properties by 9.7% in the second quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock valued at $3,732,000 after acquiring an additional 215,358 shares in the last quarter. Acuitas Investments LLC boosted its stake in shares of Franklin Street Properties by 39.5% in the second quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company’s stock worth $3,176,000 after acquiring an additional 587,401 shares during the last quarter. State Street Corp increased its position in shares of Franklin Street Properties by 1.8% during the third quarter. State Street Corp now owns 1,205,604 shares of the company’s stock worth $2,134,000 after purchasing an additional 20,987 shares in the last quarter. Finally, RBF Capital LLC acquired a new position in Franklin Street Properties in the 3rd quarter valued at $1,795,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Company 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.