Franklin Street Properties (NYSE:FSP) Stock Price Down 0.7% – Time to Sell?

Franklin Street Properties Corp. (NYSE:FSP)’s share price dropped 0.7% during trading on Monday . The stock traded as low as $0.7590 and last traded at $0.7590. Approximately 462,906 shares traded hands during trading, an increase of 2% from the average daily volume of 455,223 shares. The stock had previously closed at $0.7640.

Franklin Street Properties Stock Performance

The firm has a market cap of $78.70 million, a PE ratio of -1.52 and a beta of 0.97. 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 has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $1.21.

Franklin Street Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Friday, January 23rd were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Friday, January 23rd. Franklin Street Properties’s dividend payout ratio (DPR) is currently -8.89%.

Institutional Investors Weigh In On Franklin Street Properties

Several large investors have recently added to or reduced their stakes in the company. Private Management Group Inc. lifted its holdings in Franklin Street Properties by 0.5% during the fourth quarter. Private Management Group Inc. now owns 10,119,828 shares of the company’s stock valued at $9,571,000 after purchasing an additional 50,200 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Franklin Street Properties by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,721,142 shares of the company’s stock worth $7,554,000 after purchasing an additional 55,323 shares in the last quarter. Guardsman Private Capital Management Inc. bought a new stake in shares of Franklin Street Properties in the fourth quarter valued at approximately $2,714,000. Geode Capital Management LLC raised its position in shares of Franklin Street Properties by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,842,444 shares of the company’s stock valued at $1,743,000 after purchasing an additional 42,057 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Franklin Street Properties by 52.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,388,426 shares of the company’s stock valued at $1,313,000 after buying an additional 479,943 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Company Profile

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.