Healthcare of Ontario Pension Plan Trust Fund Has $101,000 Holdings in Franklin Street Properties Corp. (NYSEAMERICAN:FSP)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Franklin Street Properties Corp. (NYSEAMERICAN:FSP – Get Rating) by 91.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,500 shares of the real estate investment trust’s stock after selling 389,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Franklin Street Properties were worth $101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Management Group Inc. increased its holdings in Franklin Street Properties by 39.6% during the third quarter. Private Management Group Inc. now owns 3,547,128 shares of the real estate investment trust’s stock worth $9,329,000 after buying an additional 1,006,495 shares during the last quarter. State Street Corp increased its holdings in Franklin Street Properties by 12.1% during the first quarter. State Street Corp now owns 5,238,359 shares of the real estate investment trust’s stock worth $30,906,000 after buying an additional 567,314 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Franklin Street Properties by 176.4% during the second quarter. Goldman Sachs Group Inc. now owns 758,672 shares of the real estate investment trust’s stock worth $3,163,000 after buying an additional 484,177 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Franklin Street Properties by 946.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 356,971 shares of the real estate investment trust’s stock worth $2,106,000 after buying an additional 322,856 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Franklin Street Properties by 18.4% during the first quarter. Renaissance Technologies LLC now owns 1,637,537 shares of the real estate investment trust’s stock worth $9,661,000 after buying an additional 254,500 shares during the last quarter. 83.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSP has been the topic of a number of recent analyst reports. B. Riley lowered their target price on shares of Franklin Street Properties from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. TheStreet downgraded shares of Franklin Street Properties from a “c-” rating to a “d” rating in a report on Wednesday, February 15th.

Insiders Place Their Bets

In related news, Director Brian N. Hansen acquired 35,000 shares of Franklin Street Properties stock in a transaction on Tuesday, February 21st. The stock was purchased at an average cost of $2.63 per share, with a total value of $92,050.00. Following the completion of the transaction, the director now directly owns 603,066 shares in the company, valued at approximately $1,586,063.58. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Franklin Street Properties news, Director Brian N. Hansen bought 50,000 shares of Franklin Street Properties stock in a transaction dated Friday, February 17th. The stock was bought at an average price of $2.75 per share, with a total value of $137,500.00. Following the completion of the transaction, the director now owns 568,066 shares in the company, valued at approximately $1,562,181.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian N. Hansen bought 35,000 shares of Franklin Street Properties stock in a transaction dated Tuesday, February 21st. The stock was acquired at an average cost of $2.63 per share, with a total value of $92,050.00. Following the transaction, the director now owns 603,066 shares of the company’s stock, valued at approximately $1,586,063.58. The disclosure for this purchase can be found here. Insiders purchased a total of 175,903 shares of company stock valued at $444,899 over the last ninety days. 4.66% of the stock is currently owned by company insiders.

Franklin Street Properties Price Performance

FSP stock opened at $2.42 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s fifty day moving average is $3.24. Franklin Street Properties Corp. has a one year low of $2.33 and a one year high of $6.14. The company has a market capitalization of $249.84 million, a PE ratio of 242.24 and a beta of 0.89.

Franklin Street Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Friday, January 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, January 26th. This represents a $0.04 dividend on an annualized basis and a yield of 1.65%. Franklin Street Properties’s dividend payout ratio (DPR) is 400.40%.

About Franklin Street Properties

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Franklin Street Properties Corp. is an investment company, which specializes and focuses on the asset class of real estate. It operates through the Real Estate Operations segment, which is involved in real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development.