Franklin Street Properties (NYSE:FSP) Shares Down 4.5% – Here’s What Happened

Franklin Street Properties Corp. (NYSE:FSP) shares traded down 4.5% on Friday . The stock traded as low as $0.8211 and last traded at $0.84. 1,171,294 shares were traded during trading, an increase of 224% from the average session volume of 361,200 shares. The stock had previously closed at $0.8796.

Franklin Street Properties Trading Down 4.5%

The company has a fifty day moving average of $0.93 and a 200-day moving average of $1.31. 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 $87.10 million, a price-to-earnings ratio of -1.68 and a beta of 0.97.

Franklin Street Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, January 23rd. Franklin Street Properties’s payout ratio is -8.89%.

Hedge Funds Weigh In On Franklin Street Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Bancorp USA Inc. acquired a new position in Franklin Street Properties during the third quarter worth about $27,000. Quadrature Capital Ltd acquired a new position in shares of Franklin Street Properties during the 2nd quarter worth approximately $31,000. Strs Ohio purchased a new stake in shares of Franklin Street Properties in the first quarter valued at approximately $32,000. Jane Street Group LLC purchased a new stake in shares of 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 during the second quarter worth approximately $43,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

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.