Franklin Street Properties (NYSE:FSP) Shares Down 0% – Here’s Why

Franklin Street Properties Corp. (NYSE:FSP)’s share price dropped 0% during trading on Tuesday . The stock traded as low as $0.5930 and last traded at $0.60. Approximately 459,442 shares traded hands during trading, a decline of 12% from the average daily volume of 519,158 shares. The stock had previously closed at $0.6001.

Franklin Street Properties Trading Down 0.0%

The business has a 50-day moving average of $0.80 and a 200-day moving average of $1.10. 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 stock has a market cap of $62.21 million, a price-to-earnings ratio of -1.20 and a beta of 0.94.

Franklin Street Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Friday, January 23rd were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 6.7%. Franklin Street Properties’s dividend payout ratio is presently -9.09%.

Hedge Funds Weigh In On Franklin Street Properties

A number of institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in shares of Franklin Street Properties in the third quarter worth $27,000. Strs Ohio bought a new position in Franklin Street Properties in the 1st quarter worth $32,000. Jane Street Group LLC acquired a new position in Franklin Street Properties during the 1st quarter worth $33,000. Quadrature Capital Ltd bought a new stake in Franklin Street Properties during the second quarter valued at about $31,000. Finally, Man Group plc acquired a new stake in shares of Franklin Street Properties in the third quarter valued at about $44,000. 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.