Franklin Street Properties (NYSE:FSP) Stock Price Down 0% – Here’s What Happened

Franklin Street Properties Corp. (NYSE:FSP) fell 0% on Monday . The company traded as low as $0.9141 and last traded at $0.9312. 463,021 shares traded hands during trading, an increase of 4% from the average session volume of 447,027 shares. The stock had previously closed at $0.9314.

Franklin Street Properties Price Performance

The stock has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.53. The company has a market capitalization of $96.56 million, a price-to-earnings ratio of -1.86 and a beta of 0.95. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 17th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, October 17th. Franklin Street Properties’s payout ratio is -8.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new position in Franklin Street Properties in the 3rd quarter valued at about $27,000. Quadrature Capital Ltd purchased a new stake in shares of Franklin Street Properties during the 2nd quarter valued at approximately $31,000. Strs Ohio acquired a new position in Franklin Street Properties in the first quarter valued at approximately $32,000. Jane Street Group LLC acquired a new position in Franklin Street Properties in the first quarter valued at approximately $33,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Franklin Street Properties in the second quarter worth approximately $43,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

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.