25,760 Shares in Franklin Street Properties Corp. (NYSE:FSP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Franklin Street Properties Corp. (NYSE:FSP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,760 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds have also added to or reduced their stakes in the business. Peapod Lane Capital LLC bought a new position in Franklin Street Properties in the 4th quarter valued at about $4,790,000. Private Management Group Inc. lifted its position in Franklin Street Properties by 2.3% during the fourth quarter. Private Management Group Inc. now owns 9,438,396 shares of the company’s stock worth $17,272,000 after purchasing an additional 215,576 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Franklin Street Properties by 97.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,681 shares of the company’s stock worth $410,000 after acquiring an additional 114,161 shares during the period. Barclays PLC boosted its position in shares of Franklin Street Properties by 277.4% during the 3rd quarter. Barclays PLC now owns 128,258 shares of the company’s stock worth $227,000 after acquiring an additional 94,274 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Franklin Street Properties in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

Franklin Street Properties Stock Down 0.7 %

NYSE FSP opened at $1.46 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. Franklin Street Properties Corp. has a fifty-two week low of $1.36 and a fifty-two week high of $2.21. The stock has a market capitalization of $151.21 million, a PE ratio of -2.92 and a beta of 0.74. The business has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $1.82.

Franklin Street Properties (NYSE:FSP) last posted its earnings results on Tuesday, February 11th. The company reported ($0.08) EPS for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Equities analysts expect that Franklin Street Properties Corp. will post 0.12 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.04 dividend on an annualized basis and a yield of 2.74%. Franklin Street Properties’s payout ratio is presently -8.00%.

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.