Franklin Street Properties Corp. (NYSE:FSP) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its holdings in shares of Franklin Street Properties Corp. (NYSE:FSP) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,568 shares of the company’s stock after purchasing an additional 7,311 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.11% of Franklin Street Properties worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in shares of Franklin Street Properties by 118.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,654 shares of the company’s stock valued at $36,000 after acquiring an additional 10,674 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Franklin Street Properties by 118.0% during the 4th quarter. MetLife Investment Management LLC now owns 36,712 shares of the company’s stock valued at $67,000 after acquiring an additional 19,873 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Franklin Street Properties by 9.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 388,772 shares of the company’s stock valued at $711,000 after acquiring an additional 33,917 shares during the last quarter. Barclays PLC boosted its position in shares of Franklin Street Properties by 14.4% during the 4th quarter. Barclays PLC now owns 146,707 shares of the company’s stock valued at $268,000 after acquiring an additional 18,449 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Franklin Street Properties during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Franklin Street Properties Stock Down 0.6%

Shares of FSP opened at $1.77 on Friday. The company’s 50-day moving average price is $1.64 and its 200 day moving average price 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 current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38. The firm has a market cap of $183.31 million, a P/E ratio of -3.54 and a beta of 0.85.

Franklin Street Properties (NYSE:FSP) last announced its quarterly earnings results 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 firm earned $0.03 EPS. On average, sell-side analysts forecast that Franklin Street Properties Corp. will post 0.12 earnings per share for the current year.

Franklin Street Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Thursday, April 17th. Franklin Street Properties’s dividend payout ratio (DPR) is -6.25%.

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.