Insider Buying: Franklin Street Properties Corp. (NYSE:FSP) Insider Purchases 18,500 Shares of Stock

Franklin Street Properties Corp. (NYSE:FSP) insider Jeffrey B. Carter bought 18,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $2.12 per share, with a total value of $39,220.00. Following the completion of the transaction, the insider now owns 18,500 shares in the company, valued at $39,220. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Franklin Street Properties Stock Down 0.5 %

Franklin Street Properties stock opened at $2.08 on Wednesday. The firm has a market cap of $215.42 million, a price-to-earnings ratio of -5.33 and a beta of 0.82. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.72. 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 firm has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $1.72.

Franklin Street Properties (NYSE:FSP) last released its earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share (EPS) 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 last year, the firm posted ($0.44) EPS. Equities analysts predict that Franklin Street Properties Corp. will post 0.14 EPS for the current year.

Franklin Street Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, October 18th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.04 annualized dividend and a yield of 1.92%. Franklin Street Properties’s dividend payout ratio is currently -10.26%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Franklin Street Properties

Several institutional investors have recently added to or reduced their stakes in the business. Private Management Group Inc. increased its stake in shares of Franklin Street Properties by 30.0% in the 2nd quarter. Private Management Group Inc. now owns 8,549,589 shares of the company’s stock valued at $13,081,000 after acquiring an additional 1,970,790 shares in the last quarter. RBF Capital LLC acquired a new stake in Franklin Street Properties in the third quarter worth $1,795,000. Acuitas Investments LLC increased its stake in Franklin Street Properties by 39.5% in the second quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company’s stock valued at $3,176,000 after purchasing an additional 587,401 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Franklin Street Properties by 1,005.2% during the second quarter. Bank of New York Mellon Corp now owns 299,743 shares of the company’s stock valued at $459,000 after purchasing an additional 272,622 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Franklin Street Properties by 9.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock worth $3,732,000 after purchasing an additional 215,358 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

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.