Insider Buying: Franklin Street Properties Corp. (NYSE:FSP) Insider Acquires $39,220.00 in Stock

Franklin Street Properties Corp. (NYSE:FSP) insider Jeffrey B. Carter bought 18,500 shares of Franklin Street Properties stock in a transaction dated 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 completion of the transaction, the insider now directly owns 18,500 shares in the company, valued at approximately $39,220. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Franklin Street Properties Stock Performance

Shares of NYSE FSP opened at $1.90 on Thursday. The company has a market cap of $196.78 million, a PE ratio of -4.87 and a beta of 0.82. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.72. The firm’s 50-day moving average price is $1.85 and its 200-day moving average price is $1.72.

Franklin Street Properties (NYSE:FSP) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The business had revenue of $29.68 million for the quarter. Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. During the same quarter in the previous year, the company earned ($0.44) EPS. As a group, analysts anticipate that Franklin Street Properties Corp. will post 0.14 EPS for the current year.

Franklin Street Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders 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 annualized dividend and a yield of 2.11%. Franklin Street Properties’s payout ratio is -10.26%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Franklin Street Properties

Several hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. lifted its stake in Franklin Street Properties by 30.0% in the second quarter. Private Management Group Inc. now owns 8,549,589 shares of the company’s stock worth $13,081,000 after purchasing an additional 1,970,790 shares during the last quarter. RBF Capital LLC purchased a new position in Franklin Street Properties during the third quarter valued at approximately $1,795,000. Integrated Wealth Concepts LLC lifted its holdings in Franklin Street Properties by 31.2% during the third quarter. Integrated Wealth Concepts LLC now owns 95,511 shares of the company’s stock worth $169,000 after buying an additional 22,727 shares during the period. Algert Global LLC boosted its holdings in shares of Franklin Street Properties by 123.1% in the 2nd quarter. Algert Global LLC now owns 60,225 shares of the company’s stock valued at $92,000 after buying an additional 33,233 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Franklin Street Properties during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

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.