Franklin Street Properties (NYSE:FSP) Posts Quarterly Earnings Results

Franklin Street Properties (NYSE:FSP) issued its earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, RTT News reports. Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. During the same period in the prior year, the company earned $0.03 EPS.

Franklin Street Properties Stock Performance

Shares of NYSE FSP opened at $1.83 on Wednesday. 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 has a 12 month low of $1.47 and a 12 month high of $2.47. The stock has a 50 day moving average of $1.85 and a 200-day moving average of $1.78. The company has a market capitalization of $189.53 million, a P/E ratio of 10.11 and a beta of 0.82.

Franklin Street Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.04 annualized dividend and a dividend yield of 2.19%. Franklin Street Properties’s dividend payout ratio is currently -10.26%.

Insider Transactions at Franklin Street Properties

In other news, insider Jeffrey B. Carter purchased 18,500 shares of Franklin Street Properties stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $2.12 per share, for a total transaction of $39,220.00. Following the purchase, the insider now directly owns 18,500 shares of the company’s stock, valued at $39,220. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce J. Schanzer purchased 110,589 shares of Franklin Street Properties stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $1.87 per share, with a total value of $206,801.43. Following the completion of the purchase, the director now directly owns 3,405,463 shares in the company, valued at $6,368,215.81. This trade represents a 3.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 172,400 shares of company stock worth $327,879. 6.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Franklin Street Properties Company 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.