Franklin Street Properties Corp. (NYSE:FSP) Holdings Decreased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its stake in Franklin Street Properties Corp. (NYSE:FSP) by 60.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,303 shares of the company’s stock after selling 69,950 shares during the period. Cubist Systematic Strategies LLC’s holdings in Franklin Street Properties were worth $71,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of Franklin Street Properties by 25.9% in the first quarter. Acadian Asset Management LLC now owns 2,225,376 shares of the company’s stock valued at $5,050,000 after buying an additional 458,235 shares during the period. Confluence Investment Management LLC acquired a new stake in Franklin Street Properties during the first quarter valued at approximately $2,796,000. Private Management Group Inc. increased its holdings in shares of Franklin Street Properties by 30.0% in the second quarter. Private Management Group Inc. now owns 8,549,589 shares of the company’s stock valued at $13,081,000 after buying an additional 1,970,790 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Franklin Street Properties by 38.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 221,282 shares of the company’s stock worth $502,000 after acquiring an additional 61,038 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of Franklin Street Properties by 59.8% during the fourth quarter. Quadrature Capital Ltd now owns 131,345 shares of the company’s stock valued at $337,000 after purchasing an additional 49,174 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Saturday, September 28th.

Franklin Street Properties Stock Down 0.6 %

NYSE:FSP opened at $1.63 on Tuesday. Franklin Street Properties Corp. has a 1-year low of $1.47 and a 1-year high of $2.72. The firm has a market capitalization of $168.59 million, a price-to-earnings ratio of -2.91 and a beta of 0.81. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $1.67 and its 200 day moving average price is $1.78.

Franklin Street Properties (NYSE:FSP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. The company had revenue of $30.83 million during the quarter. On average, sell-side analysts forecast that Franklin Street Properties Corp. will post 0.13 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Friday, October 18th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.04 annualized dividend and a dividend yield of 2.45%. Franklin Street Properties’s payout ratio is -7.14%.

Franklin Street Properties Profile

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.