D. E. Shaw & Co. Inc. Cuts Stock Holdings in Franklin Street Properties Corp. (NYSE:FSP)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Franklin Street Properties Corp. (NYSE:FSP) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 829,879 shares of the company’s stock after selling 33,269 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.80% of Franklin Street Properties worth $1,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Franklin Street Properties by 118.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,654 shares of the company’s stock worth $36,000 after purchasing an additional 10,674 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Franklin Street Properties during the fourth quarter worth about $47,000. EMC Capital Management grew its holdings in shares of Franklin Street Properties by 120.4% during the fourth quarter. EMC Capital Management now owns 30,425 shares of the company’s stock worth $56,000 after purchasing an additional 16,621 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of Franklin Street Properties during the fourth quarter worth about $59,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Franklin Street Properties by 118.0% during the fourth quarter. MetLife Investment Management LLC now owns 36,712 shares of the company’s stock worth $67,000 after purchasing an additional 19,873 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Thursday, May 15th.

Franklin Street Properties Stock Up 0.5%

Shares of FSP opened at $1.84 on Friday. The firm has a market cap of $190.56 million, a P/E ratio of -3.68 and a beta of 0.85. The stock has a 50 day simple moving average of $1.65 and a two-hundred day simple moving average of $1.79. 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 1 year low of $1.36 and a 1 year high of $2.21.

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.17%. The ex-dividend date was Thursday, April 17th. Franklin Street Properties’s dividend payout ratio is currently -6.25%.

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.