Insider Buying: Franklin Street Properties Corp. (NYSE:FSP) Director Acquires 110,589 Shares of Stock

Franklin Street Properties Corp. (NYSE:FSP) Director Bruce J. Schanzer bought 110,589 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $1.87 per share, for a total transaction of $206,801.43. Following the completion of the purchase, the director now owns 3,405,463 shares of the company’s stock, valued at $6,368,215.81. This represents a 3.36 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Franklin Street Properties Stock Performance

Shares of Franklin Street Properties stock traded up $0.12 during trading hours on Friday, hitting $2.01. 760,018 shares of the company’s stock traded hands, compared to its average volume of 598,831. The stock has a market capitalization of $208.18 million, a price-to-earnings ratio of 10.50 and a beta of 0.82. Franklin Street Properties Corp. has a 12-month low of $1.47 and a 12-month high of $2.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The company has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $1.72.

Franklin Street Properties (NYSE:FSP) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The business had revenue of $29.68 million for the quarter. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. During the same quarter in the previous year, the business posted ($0.44) earnings per share. Equities research analysts anticipate that Franklin Street Properties Corp. will post 0.14 EPS for the current fiscal year.

Franklin Street Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, October 18th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, October 18th. Franklin Street Properties’s payout ratio is -10.26%.

Institutional Trading of Franklin Street Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Franklin Street Properties by 33.4% during the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after purchasing an additional 5,433 shares in the last quarter. Bfsg LLC grew its stake in Franklin Street Properties by 11.1% in the 3rd quarter. Bfsg LLC now owns 70,430 shares of the company’s stock worth $125,000 after buying an additional 7,020 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Franklin Street Properties by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock worth $58,000 after buying an additional 15,750 shares during the last quarter. State Street Corp raised its position in shares of Franklin Street Properties by 1.8% during the 3rd quarter. State Street Corp now owns 1,205,604 shares of the company’s stock valued at $2,134,000 after buying an additional 20,987 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Franklin Street Properties during the 3rd quarter worth $39,000. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.