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

Franklin Street Properties Corp. (NYSE:FSP) insider Jeffrey B. Carter acquired 18,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $2.12 per share, with a total value of $39,220.00. Following the acquisition, the insider now owns 18,500 shares in the company, valued at approximately $39,220. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Franklin Street Properties Stock Down 8.7 %

FSP stock opened at $1.90 on Thursday. Franklin Street Properties Corp. has a 12 month low of $1.47 and a 12 month high of $2.72. The company has a market cap of $196.78 million, a price-to-earnings ratio of -4.87 and a beta of 0.82. The firm has a 50-day moving average of $1.85 and a two-hundred day moving average of $1.72. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41.

Franklin Street Properties (NYSE:FSP) last issued its quarterly earnings data 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 return on equity of 5.88% and a negative net margin of 32.11%. The business had revenue of $29.68 million for the quarter. During the same period last year, the firm earned ($0.44) earnings per share. As a group, analysts forecast that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, October 18th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.11%. Franklin Street Properties’s payout ratio is currently -10.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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

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

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.