Glenview Trust co Has $39,000 Stake in Franklin Street Properties Corp. (NYSE:FSP)

Glenview Trust co decreased its position in Franklin Street Properties Corp. (NYSE:FSP) by 31.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,074 shares of the company’s stock after selling 9,875 shares during the quarter. Glenview Trust co’s holdings in Franklin Street Properties were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FSP. BNP Paribas Financial Markets increased its position in shares of Franklin Street Properties by 33.4% in the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock valued at $38,000 after acquiring an additional 5,433 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Franklin Street Properties in the third quarter valued at about $39,000. Virtu Financial LLC acquired a new stake in shares of Franklin Street Properties in the third quarter valued at about $43,000. Raymond James Financial Inc. acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at about $47,000. Finally, EMC Capital Management increased its position in shares of Franklin Street Properties by 120.4% in the fourth quarter. EMC Capital Management now owns 30,425 shares of the company’s stock valued at $56,000 after acquiring an additional 16,621 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Franklin Street Properties Price Performance

NYSE:FSP opened at $1.81 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. The stock’s 50-day simple moving average is $1.85 and its 200 day simple moving average is $1.82. The company has a market cap of $187.46 million, a P/E ratio of -3.62 and a beta of 0.82. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.31.

Franklin Street Properties (NYSE:FSP) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.08) earnings per share for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. During the same period last year, the company posted $0.03 EPS. As a group, sell-side analysts forecast that Franklin Street Properties Corp. will post 0.12 EPS for the current fiscal year.

Franklin Street Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Friday, January 24th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, January 24th. Franklin Street Properties’s dividend payout ratio (DPR) is presently -8.00%.

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.