Franklin Street Properties (NYSE:FSP) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Franklin Street Properties (NYSE:FSP) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Franklin Street Properties Price Performance

NYSE FSP opened at $1.74 on Tuesday. Franklin Street Properties has a 52 week low of $1.47 and a 52 week high of $2.72. 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 stock has a market cap of $179.97 million, a price-to-earnings ratio of -3.11 and a beta of 0.82. The company has a 50-day moving average price of $1.66 and a two-hundred day moving average price of $1.84.

Franklin Street Properties (NYSE:FSP) last released its earnings results on Tuesday, July 30th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). Franklin Street Properties had a negative net margin of 52.85% and a negative return on equity of 10.06%. The business had revenue of $30.83 million for the quarter. Analysts forecast that Franklin Street Properties will post 0.13 EPS for the current year.

Franklin Street Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Friday, July 19th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.04 annualized dividend and a yield of 2.30%. Franklin Street Properties’s dividend payout ratio is -7.14%.

Institutional Trading of Franklin Street Properties

Institutional investors have recently made changes to their positions in the business. Cannon Global Investment Management LLC bought a new position in shares of Franklin Street Properties in the first quarter worth about $25,000. Victory Capital Management Inc. bought a new stake in shares of Franklin Street Properties during the fourth quarter worth approximately $28,000. Point72 DIFC Ltd bought a new stake in shares of Franklin Street Properties during the second quarter worth approximately $34,000. Fifth Lane Capital LP bought a new stake in Franklin Street Properties in the first quarter valued at approximately $56,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Franklin Street Properties in the second quarter valued at approximately $66,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

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.