Nuveen LLC Takes Position in Franklin Street Properties Corp. $FSP

Nuveen LLC purchased a new stake in Franklin Street Properties Corp. (NYSE:FSP) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 302,167 shares of the company’s stock, valued at approximately $538,000. Nuveen LLC owned 0.29% of Franklin Street Properties at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FSP. Tower Research Capital LLC TRC grew its stake in shares of Franklin Street Properties by 118.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 19,654 shares of the company’s stock valued at $36,000 after buying an additional 10,674 shares during the period. GAMMA Investing LLC grew its stake in shares of Franklin Street Properties by 78.0% in the 1st quarter. GAMMA Investing LLC now owns 22,531 shares of the company’s stock valued at $40,000 after buying an additional 9,873 shares during the period. XTX Topco Ltd purchased a new stake in shares of Franklin Street Properties in the 1st quarter valued at approximately $46,000. Raymond James Financial Inc. purchased a new position in shares of Franklin Street Properties during the 4th quarter worth approximately $47,000. Finally, ProShare Advisors LLC boosted its position in shares of Franklin Street Properties by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 27,470 shares of the company’s stock worth $50,000 after purchasing an additional 9,040 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Analyst Ratings Changes

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

Franklin Street Properties Price Performance

Franklin Street Properties stock opened at $1.68 on Friday. The firm has a market cap of $174.20 million, a PE ratio of -3.36 and a beta of 0.96. Franklin Street Properties Corp. has a 52-week low of $1.36 and a 52-week high of $2.21. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $1.66 and its two-hundred day moving average is $1.70.

Franklin Street Properties (NYSE:FSP) last released its earnings results on Tuesday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. On average, research analysts expect that Franklin Street Properties Corp. will post 0.12 EPS for the current fiscal year.

Franklin Street Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, July 25th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, July 25th. Franklin Street Properties’s dividend payout ratio (DPR) is presently -7.69%.

Franklin Street Properties Company 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.