Franklin Street Properties Corp. (NYSE:FSP) Holdings Cut by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its stake in Franklin Street Properties Corp. (NYSE:FSP) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363,001 shares of the company’s stock after selling 5,941 shares during the quarter. GSA Capital Partners LLP owned approximately 0.35% of Franklin Street Properties worth $643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSP. Point72 DIFC Ltd purchased a new stake in Franklin Street Properties in the 2nd quarter worth approximately $34,000. SG Americas Securities LLC raised its holdings 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 valued at $58,000 after purchasing an additional 15,750 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Franklin Street Properties during the 2nd quarter valued at $66,000. Algert Global LLC raised its holdings in shares of Franklin Street Properties by 123.1% during the 2nd quarter. Algert Global LLC now owns 60,225 shares of the company’s stock valued at $92,000 after purchasing an additional 33,233 shares in the last quarter. Finally, Bfsg LLC raised its holdings in shares of Franklin Street Properties by 16.2% during the 2nd quarter. Bfsg LLC now owns 63,410 shares of the company’s stock valued at $97,000 after purchasing an additional 8,860 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Price Performance

Franklin Street Properties stock opened at $1.84 on Tuesday. The company has a market capitalization of $190.05 million, a P/E ratio of -4.68 and a beta of 0.81. The firm’s fifty day simple moving average is $1.75 and its 200-day simple moving average is $1.73. 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 Corp. has a 1-year low of $1.47 and a 1-year high of $2.72.

Franklin Street Properties (NYSE:FSP) last posted its earnings results 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 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 firm earned ($0.44) EPS. Sell-side analysts forecast that Franklin Street Properties Corp. will post 0.13 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 $0.01 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a yield of 2.18%. Franklin Street Properties’s payout ratio is presently -10.26%.

Wall Street Analysts Forecast Growth

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

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.