Franklin Street Properties Corp. (NYSEAMERICAN:FSP) Director Acquires $167,025.00 in Stock

Franklin Street Properties Corp. (NYSEAMERICAN:FSPGet Rating) Director Brian N. Hansen acquired 42,500 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were acquired at an average price of $3.93 per share, for a total transaction of $167,025.00. Following the completion of the purchase, the director now owns 275,000 shares of the company’s stock, valued at approximately $1,080,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSEAMERICAN FSP traded down $0.06 during trading hours on Thursday, reaching $4.00. The company’s stock had a trading volume of 35,071 shares, compared to its average volume of 531,545. Franklin Street Properties Corp. has a fifty-two week low of $3.84 and a fifty-two week high of $6.58. The stock has a market cap of $412.61 million, a price-to-earnings ratio of 8.33 and a beta of 0.87. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89.

Franklin Street Properties (NYSEAMERICAN:FSPGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Franklin Street Properties had a net margin of 22.85% and a return on equity of 6.78%. As a group, research analysts expect that Franklin Street Properties Corp. will post 0.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 5th. Investors of record on Friday, April 15th were paid a $0.09 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $0.36 dividend on an annualized basis and a yield of 9.00%. Franklin Street Properties’s dividend payout ratio is currently 75.00%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC lifted its holdings in shares of Franklin Street Properties by 60.2% during the fourth quarter. ProShare Advisors LLC now owns 25,175 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 9,459 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Franklin Street Properties in the fourth quarter valued at $967,000. Marshall Wace LLP acquired a new position in shares of Franklin Street Properties in the third quarter valued at $807,000. Cetera Investment Advisers raised its stake in shares of 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 in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Franklin Street Properties by 129.7% in the third quarter. Two Sigma Advisers LP now owns 93,700 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 52,900 shares in the last quarter. 81.65% of the stock is currently owned by hedge funds and other institutional investors.

Separately, B. Riley lowered their price target on shares of Franklin Street Properties from $6.50 to $6.00 in a research report on Thursday, May 5th.

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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