Franklin Street Properties Corp. (NYSEAMERICAN:FSP) Director Buys $49,816.00 in Stock

Franklin Street Properties Corp. (NYSEAMERICAN:FSPGet Rating) Director Kenneth A. Hoxsie bought 10,400 shares of the business’s stock in a transaction on Friday, May 6th. The stock was bought at an average price of $4.79 per share, with a total value of $49,816.00. Following the purchase, the director now owns 110,168 shares in the company, valued at $527,704.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of FSP opened at $4.89 on Friday. The company has a market capitalization of $505.07 million, a price-to-earnings ratio of 10.19 and a beta of 0.87. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.89. Franklin Street Properties Corp. has a 1 year low of $4.41 and a 1 year high of $6.58.

Franklin Street Properties (NYSEAMERICAN:FSPGet Rating) last issued its earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Franklin Street Properties had a return on equity of 6.78% and a net margin of 22.85%. Sell-side analysts anticipate that Franklin Street Properties Corp. will post 0.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 5th. Shareholders of record on Friday, April 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend was Wednesday, April 13th. Franklin Street Properties’s dividend payout ratio is currently 75.00%.

A number of analysts have recently issued reports on FSP shares. B. Riley dropped their price target on Franklin Street Properties from $6.50 to $6.00 in a research report on Thursday. Zacks Investment Research downgraded Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Thursday.

A number of institutional investors and hedge funds have recently modified their holdings of FSP. Royal Bank of Canada lifted its position in Franklin Street Properties by 420.6% in the second quarter. Royal Bank of Canada now owns 7,065 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 5,708 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Franklin Street Properties in the first quarter valued at approximately $39,000. Spire Wealth Management lifted its position in Franklin Street Properties by 44.5% in the fourth quarter. Spire Wealth Management now owns 7,820 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,410 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Franklin Street Properties in the third quarter valued at approximately $48,000. Finally, Cetera Investment Advisers lifted its position in Franklin Street Properties by 20.3% in the third quarter. Cetera Investment Advisers now owns 14,195 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 2,400 shares during the last quarter. 81.65% of the stock is owned by institutional investors and hedge funds.

Franklin Street Properties Company Profile (Get Rating)

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.

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