Acuitas Investments LLC Sells 403,914 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Acuitas Investments LLC trimmed its holdings in Franklin Street Properties Corp. (NYSE:FSP) by 30.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 920,983 shares of the company’s stock after selling 403,914 shares during the quarter. Acuitas Investments LLC owned approximately 0.89% of Franklin Street Properties worth $2,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its stake in Franklin Street Properties by 19.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,480 shares of the company’s stock worth $69,000 after purchasing an additional 6,040 shares during the period. GAMMA Investing LLC bought a new position in shares of Franklin Street Properties during the 4th quarter valued at approximately $31,000. EMC Capital Management boosted its position in shares of Franklin Street Properties by 92.5% during the 3rd quarter. EMC Capital Management now owns 30,327 shares of the company’s stock valued at $56,000 after acquiring an additional 14,570 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Franklin Street Properties during the 4th quarter valued at approximately $38,000. Finally, Stokes Family Office LLC bought a new position in shares of Franklin Street Properties during the 3rd quarter valued at approximately $29,000. 61.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th.

Franklin Street Properties Price Performance

Shares of NYSE FSP traded down $0.03 during midday trading on Wednesday, reaching $2.04. 217,606 shares of the stock traded hands, compared to its average volume of 525,360. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $211.00 million, a PE ratio of -4.34 and a beta of 0.82. Franklin Street Properties Corp. has a one year low of $1.13 and a one year high of $2.72. The company’s 50 day moving average is $2.20 and its 200 day moving average is $2.27.

Franklin Street Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Friday, April 19th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.04 annualized dividend and a yield of 1.96%. Franklin Street Properties’s payout ratio is presently -8.51%.

Franklin Street Properties 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.