Franklin Street Properties (NYSE:FSP) Shares Down 0.5% – Time to Sell?

Shares of Franklin Street Properties Corp. (NYSE:FSP) were down 0.5% during trading on Tuesday . The stock traded as low as $0.8921 and last traded at $0.90. Approximately 586,101 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 449,456 shares. The stock had previously closed at $0.9044.

Franklin Street Properties Stock Performance

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 capitalization of $93.32 million, a PE ratio of -1.80 and a beta of 0.95. The firm’s 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.43.

Franklin Street Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 17th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, October 17th. Franklin Street Properties’s dividend payout ratio (DPR) is presently -8.89%.

Hedge Funds Weigh In On Franklin Street Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Franklin Street Properties by 17.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,965 shares of the company’s stock valued at $1,333,000 after acquiring an additional 111,304 shares in the last quarter. Nuveen LLC purchased a new position in Franklin Street Properties during the 1st quarter valued at about $538,000. MetLife Investment Management LLC raised its holdings in shares of Franklin Street Properties by 20.9% in the 1st quarter. MetLife Investment Management LLC now owns 44,393 shares of the company’s stock valued at $79,000 after purchasing an additional 7,681 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Franklin Street Properties in the 1st quarter worth approximately $33,000. Finally, Acadian Asset Management LLC lifted its position in shares of Franklin Street Properties by 1.5% in the 1st quarter. Acadian Asset Management LLC now owns 2,324,269 shares of the company’s stock worth $4,136,000 after purchasing an additional 34,889 shares during the period. Institutional investors own 61.41% of the company’s stock.

About Franklin Street Properties

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.