Franklin Street Properties (NYSE:FSP) Shares Down 2.3% – What’s Next?

Franklin Street Properties Corp. (NYSE:FSP)’s share price was down 2.3% during mid-day trading on Monday. The company traded as low as $0.34 and last traded at $0.3421. Approximately 355,463 shares changed hands during trading, a decline of 38% from the average daily volume of 569,637 shares. The stock had previously closed at $0.35.

Franklin Street Properties Price Performance

The stock’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.52. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $35.58 million, a price-to-earnings ratio of -0.68 and a beta of 0.85.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its position in shares of Franklin Street Properties by 21.7% in the second quarter. Integrated Wealth Concepts LLC now owns 148,891 shares of the company’s stock valued at $77,000 after purchasing an additional 26,537 shares in the last quarter. Susquehanna International Group LLP lifted its position in Franklin Street Properties by 1,373.1% during the second quarter. Susquehanna International Group LLP now owns 442,807 shares of the company’s stock worth $228,000 after buying an additional 412,747 shares in the last quarter. Private Management Group Inc. boosted its stake in Franklin Street Properties by 1.1% during the second quarter. Private Management Group Inc. now owns 10,161,175 shares of the company’s stock worth $5,233,000 after buying an additional 107,557 shares during the last quarter. Bank of America Corp DE acquired a new position in Franklin Street Properties during the second quarter worth $2,466,000. Finally, Ieq Capital LLC purchased a new stake in Franklin Street Properties in the 2nd quarter valued at $59,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

About Franklin Street Properties

Franklin Street Properties Corp. is a self-administered real estate investment trust (REIT) that owns, operates and manages commercial real estate in the United States. The company has historically focused primarily on office properties, including buildings serving corporate, professional services and other business tenants.

Franklin Street Properties has pursued a strategy of acquiring and managing office assets in selected U.S. markets, with activities that may include leasing, property management, asset repositioning and the disposition of properties that no longer fit its investment objectives.