SVB Wealth LLC Invests $38,000 in Franklin Street Properties Corp. (NYSE:FSP)

SVB Wealth LLC bought a new stake in shares of Franklin Street Properties Corp. (NYSE:FSP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 14,985 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Franklin Street Properties by 19.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,480 shares of the company’s stock worth $69,000 after purchasing an additional 6,040 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Franklin Street Properties by 6.9% during the third quarter. Acadian Asset Management LLC now owns 1,476,621 shares of the company’s stock valued at $2,730,000 after buying an additional 94,760 shares during the period. Citigroup Inc. raised its stake in Franklin Street Properties by 26,035.6% in the third quarter. Citigroup Inc. now owns 352,830 shares of the company’s stock worth $653,000 after buying an additional 351,480 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Franklin Street Properties by 104.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 42,761 shares of the company’s stock worth $79,000 after buying an additional 21,820 shares during the period. Finally, Stokes Family Office LLC bought a new stake in Franklin Street Properties during the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th.

Franklin Street Properties Price Performance

FSP opened at $2.07 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. The company has a market cap of $214.10 million, a price-to-earnings ratio of -4.40 and a beta of 0.82. The stock has a fifty day simple moving average of $2.20 and a two-hundred day simple moving average of $2.27. Franklin Street Properties Corp. has a 12-month low of $1.13 and a 12-month high of $2.72.

Franklin Street Properties Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.93%. Franklin Street Properties’s dividend payout ratio (DPR) is currently -8.51%.

Franklin Street Properties Company Profile

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.