Barclays PLC Boosts Stock Position in Franklin Street Properties Corp. (NYSE:FSP)

Barclays PLC raised its stake in shares of Franklin Street Properties Corp. (NYSE:FSP) by 277.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,258 shares of the company’s stock after acquiring an additional 94,274 shares during the period. Barclays PLC owned approximately 0.12% of Franklin Street Properties worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSP. Point72 DIFC Ltd purchased a new position in shares of Franklin Street Properties during the 2nd quarter worth approximately $34,000. BNP Paribas Financial Markets raised its stake in shares of Franklin Street Properties by 33.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after buying an additional 5,433 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Franklin Street Properties during the 3rd quarter worth approximately $39,000. SG Americas Securities LLC raised its stake in shares of Franklin Street Properties by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock worth $58,000 after buying an additional 15,750 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Franklin Street Properties during the 2nd quarter worth approximately $66,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Bruce J. Schanzer bought 110,589 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $1.87 per share, for a total transaction of $206,801.43. Following the acquisition, the director now owns 3,405,463 shares in the company, valued at $6,368,215.81. This represents a 3.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey B. Carter bought 18,500 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of $2.12 per share, for a total transaction of $39,220.00. Following the acquisition, the insider now owns 18,500 shares in the company, valued at $39,220. The trade was a ∞ 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 worth $327,879 in the last quarter. Company insiders own 6.20% of the company’s stock.

Franklin Street Properties Stock Performance

Shares of FSP stock opened at $1.83 on Wednesday. The company has a market cap of $189.53 million, a price-to-earnings ratio of -4.69 and a beta of 0.82. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $1.76. Franklin Street Properties Corp. has a 12-month low of $1.47 and a 12-month high of $2.58.

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

Franklin Street Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Friday, January 24th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, January 24th. Franklin Street Properties’s dividend payout ratio is currently -10.26%.

Analysts Set New Price Targets

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

Franklin Street Properties Company 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.