New York State Teachers Retirement System Boosts Holdings in Franklin Street Properties Corp. (NYSEAMERICAN:FSP)

New York State Teachers Retirement System increased its holdings in Franklin Street Properties Corp. (NYSEAMERICAN:FSPGet Rating) by 79.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,609 shares of the real estate investment trust’s stock after buying an additional 95,595 shares during the quarter. New York State Teachers Retirement System owned 0.21% of Franklin Street Properties worth $570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors bought a new stake in Franklin Street Properties during the 2nd quarter worth approximately $38,000. Federated Hermes Inc. bought a new stake in Franklin Street Properties during the 1st quarter worth approximately $55,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Franklin Street Properties during the 2nd quarter worth approximately $63,000. SVB Wealth LLC bought a new stake in Franklin Street Properties during the 1st quarter worth approximately $69,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Franklin Street Properties by 287.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,355 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 21,785 shares during the period. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Insider Activity

In related news, Director Brian N. Hansen acquired 50,125 shares of Franklin Street Properties stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $2.74 per share, for a total transaction of $137,342.50. Following the completion of the transaction, the director now directly owns 515,125 shares in the company, valued at approximately $1,411,442.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.66% of the company’s stock.

Franklin Street Properties Trading Down 1.0 %

NYSEAMERICAN FSP opened at $2.94 on Friday. Franklin Street Properties Corp. has a 12 month low of $2.34 and a 12 month high of $6.14. The company has a market cap of $303.51 million, a PE ratio of 3.72 and a beta of 0.85. The business’s 50 day moving average price is $3.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.70 and a current ratio of 0.70.

Franklin Street Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Shareholders of record on Friday, January 27th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, January 26th. Franklin Street Properties’s payout ratio is 5.06%.

Franklin Street Properties 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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Institutional Ownership by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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