Franklin Street Properties Corp. (NYSE:FSP) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in Franklin Street Properties Corp. (NYSE:FSP) by 33.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 21,718 shares of the company’s stock after purchasing an additional 5,433 shares during the period. BNP Paribas Financial Markets’ holdings in Franklin Street Properties were worth $38,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in Franklin Street Properties in the second quarter valued at approximately $34,000. SG Americas Securities LLC increased its holdings in shares of Franklin Street Properties by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock valued at $58,000 after acquiring an additional 15,750 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Franklin Street Properties in the 2nd quarter valued at $66,000. Algert Global LLC raised its position in Franklin Street Properties by 123.1% in the 2nd quarter. Algert Global LLC now owns 60,225 shares of the company’s stock valued at $92,000 after purchasing an additional 33,233 shares during the last quarter. Finally, Bfsg LLC boosted its stake in Franklin Street Properties by 16.2% during the 2nd quarter. Bfsg LLC now owns 63,410 shares of the company’s stock worth $97,000 after purchasing an additional 8,860 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

Insider Activity

In other Franklin Street Properties news, insider Jeffrey B. Carter bought 18,500 shares of Franklin Street Properties stock in a transaction on Monday, December 16th. The stock was bought at an average price of $2.12 per share, with a total value of $39,220.00. Following the completion of the acquisition, the insider now owns 18,500 shares in the company, valued at $39,220. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce J. Schanzer bought 110,589 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $1.87 per share, for a total transaction of $206,801.43. Following the completion of the transaction, the director now directly owns 3,405,463 shares in the company, valued at approximately $6,368,215.81. This represents a 3.36 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 172,400 shares of company stock valued at $327,879 over the last quarter. Corporate insiders own 6.20% of the company’s stock.

Franklin Street Properties Stock Down 2.6 %

FSP opened at $1.85 on Friday. Franklin Street Properties Corp. has a 52 week low of $1.47 and a 52 week high of $2.72. The business has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $1.73. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The company has a market cap of $191.60 million, a PE ratio of -4.74 and a beta of 0.82.

Franklin Street Properties (NYSE:FSP) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. The company had revenue of $29.68 million for the quarter. During the same period in the previous year, the business earned ($0.44) EPS. As a group, research analysts anticipate that Franklin Street Properties Corp. will post 0.14 EPS for the current year.

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, October 18th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, October 18th. Franklin Street Properties’s dividend payout ratio (DPR) is presently -10.26%.

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.