Franklin Street Properties (NYSE:FSP) Trading Down 0.3% – Here’s What Happened

Shares of Franklin Street Properties Corp. (NYSE:FSP) fell 0.3% during trading on Tuesday . The company traded as low as $0.4722 and last traded at $0.4735. 213,178 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 566,070 shares. The stock had previously closed at $0.4747.

Franklin Street Properties Price 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 cap of $49.10 million, a price-to-earnings ratio of -0.95 and a beta of 0.84. The company has a fifty day moving average price of $0.54 and a two-hundred day moving average price of $0.67.

Institutional Investors Weigh In On Franklin Street Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new position in shares of Franklin Street Properties during the third quarter valued at $27,000. Strs Ohio bought a new position in Franklin Street Properties during the 1st quarter worth about $32,000. Jane Street Group LLC acquired a new stake in shares of Franklin Street Properties in the 1st quarter valued at about $33,000. Man Group plc acquired a new stake in shares of Franklin Street Properties in the 3rd quarter valued at about $44,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Franklin Street Properties by 144.4% in the third quarter. Franklin Resources Inc. now owns 35,986 shares of the company’s stock valued at $58,000 after purchasing an additional 21,264 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

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.