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 acquired 110,589 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $1.87 per share, for a total transaction of $206,801.43. Following the purchase, the director now owns 3,405,463 shares of the company’s stock, valued at $6,368,215.81. This trade represents a 3.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Franklin Street Properties Stock Performance

FSP stock opened at $2.01 on Monday. Franklin Street Properties Corp. has a 1 year low of $1.47 and a 1 year high of $2.72. The stock has a market capitalization of $208.17 million, a price-to-earnings ratio of -5.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The stock’s fifty day moving average is $1.82 and its two-hundred day moving average is $1.72.

Franklin Street Properties (NYSE:FSP) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $29.68 million during the quarter. During the same quarter in the previous year, the company posted ($0.44) EPS. On average, research analysts predict that Franklin Street Properties Corp. will post 0.14 EPS for the current year.

Franklin Street Properties Announces Dividend

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

Analysts Set New Price Targets

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

Several hedge funds have recently added to or reduced their stakes in FSP. Point72 DIFC Ltd bought a new position in shares of Franklin Street Properties in the second quarter worth $34,000. BNP Paribas Financial Markets grew its position in 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 buying an additional 5,433 shares in the last quarter. XTX Topco Ltd bought a new position in Franklin Street Properties in the 3rd quarter valued at about $39,000. Virtu Financial LLC acquired a new position in Franklin Street Properties during the 3rd quarter valued at about $43,000. Finally, SG Americas Securities LLC raised its position in shares of Franklin Street Properties by 92.1% during 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 in the last quarter. 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.