XTX Topco Ltd Purchases New Position in Franklin Street Properties Corp. (NYSE:FSP)

XTX Topco Ltd acquired a new stake in Franklin Street Properties Corp. (NYSE:FSP) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,768 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors also recently modified their holdings of the business. Private Management Group Inc. grew its position in shares of Franklin Street Properties by 3.6% during the 1st quarter. Private Management Group Inc. now owns 9,778,625 shares of the company’s stock worth $17,406,000 after buying an additional 340,229 shares during the period. Summit Trail Advisors LLC raised its holdings in Franklin Street Properties by 100.8% in the first quarter. Summit Trail Advisors LLC now owns 127,870 shares of the company’s stock worth $228,000 after purchasing an additional 64,178 shares during the period. GAMMA Investing LLC raised its holdings in Franklin Street Properties by 78.0% in the first quarter. GAMMA Investing LLC now owns 22,531 shares of the company’s stock worth $40,000 after purchasing an additional 9,873 shares during the period. Two Sigma Advisers LP lifted its stake in Franklin Street Properties by 47.0% in the fourth quarter. Two Sigma Advisers LP now owns 417,100 shares of the company’s stock valued at $763,000 after buying an additional 133,300 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Franklin Street Properties by 9.7% in the fourth quarter. Two Sigma Investments LP now owns 494,156 shares of the company’s stock valued at $904,000 after buying an additional 43,492 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Franklin Street Properties Trading Down 0.6%

FSP stock opened at $1.60 on Friday. Franklin Street Properties Corp. has a 52 week low of $1.36 and a 52 week high of $2.21. The company’s 50-day simple moving average is $1.68 and its 200 day simple moving average is $1.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market capitalization of $165.90 million, a PE ratio of -3.20 and a beta of 0.87.

Franklin Street Properties (NYSE:FSP) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.08) earnings per share for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. As a group, sell-side analysts anticipate that Franklin Street Properties Corp. will post 0.12 earnings per share for the current year.

Franklin Street Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, July 25th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, July 25th. Franklin Street Properties’s dividend payout ratio (DPR) is -7.69%.

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.