Acadian Asset Management LLC Reduces Stock Position in Franklin Street Properties Corp. $FSP

Acadian Asset Management LLC cut its stake in shares of Franklin Street Properties Corp. (NYSE:FSP) by 8.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,123,746 shares of the company’s stock after selling 200,523 shares during the period. Acadian Asset Management LLC owned about 2.05% of Franklin Street Properties worth $3,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Franklin Street Properties in the first quarter worth $32,000. Jane Street Group LLC purchased a new position in Franklin Street Properties in the first quarter worth about $33,000. XTX Topco Ltd bought a new stake in shares of Franklin Street Properties during the 1st quarter valued at about $46,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Franklin Street Properties during the 2nd quarter valued at about $43,000. Finally, Virtu Financial LLC purchased a new stake in shares of Franklin Street Properties during the 1st quarter valued at about $53,000. 61.41% of the stock is owned by institutional investors.

Franklin Street Properties Stock Performance

FSP opened at $1.05 on Friday. The company’s 50 day moving average is $1.46 and its 200 day moving average is $1.60. 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 company has a market cap of $108.87 million, a price-to-earnings ratio of -2.10 and a beta of 0.96. Franklin Street Properties Corp. has a 12-month low of $1.03 and a 12-month high of $2.21.

Franklin Street Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 17th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, October 17th. Franklin Street Properties’s dividend payout ratio (DPR) is currently -8.89%.

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.