Franklin Street Properties Corp. (NYSE:FSP) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its holdings in shares of Franklin Street Properties Corp. (NYSE:FSP) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,601 shares of the company’s stock after selling 33,972 shares during the period. Asset Management One Co. Ltd. owned approximately 0.13% of Franklin Street Properties worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FSP. Diversified Trust Co purchased a new position in shares of Franklin Street Properties during the third quarter worth $26,000. Stokes Family Office LLC purchased a new position in shares of Franklin Street Properties during the third quarter worth $29,000. Quadrature Capital Ltd purchased a new position in shares of Franklin Street Properties during the third quarter worth $29,000. Vert Asset Management LLC purchased a new position in shares of Franklin Street Properties during the third quarter worth $34,000. Finally, Alpine Global Management LLC purchased a new position in shares of Franklin Street Properties during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Analyst Ratings Changes

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

Franklin Street Properties Price Performance

FSP stock opened at $2.09 on Friday. The firm has a market cap of $216.17 million, a PE ratio of -4.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s fifty day moving average is $2.26 and its 200 day moving average is $2.26. Franklin Street Properties Corp. has a one year low of $1.13 and a one year high of $2.72.

Franklin Street Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Friday, April 19th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.04 annualized dividend and a yield of 1.91%. Franklin Street Properties’s dividend payout ratio is presently -8.51%.

About Franklin Street Properties

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.