Franklin Street Properties (NYSE:FSP) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Franklin Street Properties (NYSE:FSP) posted its earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10), RTT News reports. Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. The company had revenue of $29.68 million for the quarter. During the same quarter last year, the business posted ($0.44) earnings per share.

Franklin Street Properties Price Performance

FSP traded up $0.09 during trading on Friday, hitting $1.86. The company’s stock had a trading volume of 190,425 shares, compared to its average volume of 616,021. The company has a current ratio of 2.28, a quick ratio of 2.79 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $192.12 million, a price-to-earnings ratio of -4.56 and a beta of 0.81. The business’s fifty day simple moving average is $1.71 and its 200 day simple moving average is $1.73. Franklin Street Properties has a twelve month low of $1.47 and a twelve month high of $2.72.

Franklin Street Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Friday, October 18th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a yield of 2.16%. Franklin Street Properties’s payout ratio is -10.26%.

Analysts Set New Price Targets

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

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.