Franklin Street Properties Corp. (NYSE:FSP) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in Franklin Street Properties Corp. (NYSE:FSP) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,088,444 shares of the company’s stock after selling 43,303 shares during the period. Geode Capital Management LLC owned 2.02% of Franklin Street Properties worth $3,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in shares of Franklin Street Properties in the 2nd quarter valued at $34,000. BNP Paribas Financial Markets grew its stake in Franklin Street Properties by 33.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock valued at $38,000 after purchasing an additional 5,433 shares during the last quarter. XTX Topco Ltd purchased a new stake in Franklin Street Properties during the 3rd quarter valued at about $39,000. SG Americas Securities LLC increased its holdings in shares of Franklin Street Properties by 92.1% in the third quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock valued at $58,000 after purchasing an additional 15,750 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Franklin Street Properties in the second quarter worth about $66,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Analyst Ratings Changes

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.

Franklin Street Properties Trading Down 1.1 %

Shares of NYSE:FSP opened at $1.81 on Tuesday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. Franklin Street Properties Corp. has a 12-month low of $1.47 and a 12-month high of $2.72. The business has a 50 day moving average of $1.89 and a two-hundred day moving average of $1.74. The company has a market capitalization of $187.46 million, a PE ratio of -4.64 and a beta of 0.82.

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

Insider Activity

In other Franklin Street Properties news, insider Jeffrey B. Carter bought 18,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was acquired 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 directly owns 18,500 shares of the company’s stock, valued at $39,220. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce J. Schanzer purchased 110,589 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $1.87 per share, for a total transaction of $206,801.43. Following the completion of the purchase, the director now owns 3,405,463 shares of the company’s stock, 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 purchased a total of 172,400 shares of company stock worth $327,879 over the last 90 days. 6.20% of the stock is currently owned by company insiders.

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.