Franklin Street Properties Corp. (NYSE:FSP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Franklin Street Properties Corp. (NYSE:FSP) by 20.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 757,020 shares of the company’s stock after selling 193,004 shares during the period. Dimensional Fund Advisors LP owned 0.73% of Franklin Street Properties worth $1,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Franklin Street Properties in the 4th quarter valued at $47,000. EMC Capital Management raised its position in shares of Franklin Street Properties by 120.4% in the fourth quarter. EMC Capital Management now owns 30,425 shares of the company’s stock valued at $56,000 after buying an additional 16,621 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at about $59,000. SG Americas Securities LLC raised its position in shares of Franklin Street Properties by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 41,253 shares of the company’s stock valued at $75,000 after buying an additional 8,407 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Franklin Street Properties by 252.6% in the fourth quarter. Intech Investment Management LLC now owns 45,731 shares of the company’s stock valued at $84,000 after buying an additional 32,760 shares during the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

Franklin Street Properties Trading Up 1.1%

NYSE FSP opened at $1.78 on Friday. The firm’s 50-day moving average is $1.64 and its two-hundred day moving average is $1.79. Franklin Street Properties Corp. has a 12 month low of $1.36 and a 12 month high of $2.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $184.35 million, a P/E ratio of -3.56 and a beta of 0.85.

Franklin Street Properties (NYSE:FSP) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.08) earnings per share for the quarter. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%. During the same quarter last year, the business earned $0.03 earnings per share. On average, sell-side analysts anticipate that Franklin Street Properties Corp. will post 0.12 earnings per share for the current year.

Franklin Street Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.04 dividend on an annualized basis and a yield of 2.25%. Franklin Street Properties’s payout ratio is currently -6.25%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Thursday.

Franklin Street Properties 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.