Franklin Street Properties Corp. (NYSE:FSP) Declares $0.01 Quarterly Dividend

Franklin Street Properties Corp. (NYSE:FSP) announced a quarterly dividend on Friday, October 3rd, RTT News reports. Stockholders of record on Friday, October 17th will be paid a dividend of 0.01 per share on Thursday, November 6th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%.

Franklin Street Properties has a payout ratio of -12.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Franklin Street Properties to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 36.4%.

Franklin Street Properties Stock Up 1.9%

Shares of FSP stock opened at $1.65 on Friday. 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 firm’s 50-day moving average is $1.64 and its 200-day moving average is $1.67. The stock has a market cap of $171.09 million, a price-to-earnings ratio of -3.30 and a beta of 0.90. Franklin Street Properties has a 52-week low of $1.36 and a 52-week high of $2.21.

Franklin Street Properties (NYSE:FSP) last issued its earnings results on Tuesday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%. Sell-side analysts predict that Franklin Street Properties will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in Franklin Street Properties in the 1st quarter valued at about $32,000. Jane Street Group LLC bought a new position in Franklin Street Properties in the 1st quarter valued at about $33,000. Quadrature Capital Ltd bought a new position in Franklin Street Properties in the 2nd quarter valued at about $31,000. GAMMA Investing LLC raised its holdings in Franklin Street Properties by 78.0% in the 1st quarter. GAMMA Investing LLC now owns 22,531 shares of the company’s stock valued at $40,000 after acquiring an additional 9,873 shares during the period. Finally, XTX Topco Ltd bought a new position in Franklin Street Properties in the 1st quarter valued at about $46,000. 61.41% of the stock is owned by institutional investors.

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.