MetLife Investment Management LLC Has $30,000 Position in Franklin Street Properties Corp. (NYSE:FSP)

MetLife Investment Management LLC reduced its position in shares of Franklin Street Properties Corp. (NYSE:FSP) by 39.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,839 shares of the company’s stock after selling 10,961 shares during the period. MetLife Investment Management LLC’s holdings in Franklin Street Properties were worth $30,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FSP. BNP Paribas Financial Markets raised its holdings in Franklin Street Properties by 33.4% during the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after acquiring an additional 5,433 shares in the last quarter. Bfsg LLC increased its position in shares of Franklin Street Properties by 11.1% during the 3rd quarter. Bfsg LLC now owns 70,430 shares of the company’s stock worth $125,000 after purchasing an additional 7,020 shares during the last quarter. 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 purchasing an additional 15,750 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Franklin Street Properties in the 2nd quarter valued at approximately $34,000. Finally, Algert Global LLC boosted its holdings in shares of 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 buying an additional 33,233 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Franklin Street Properties Trading Down 3.7 %

Shares of NYSE:FSP opened at $1.80 on Wednesday. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $186.42 million, a P/E ratio of -4.62 and a beta of 0.82. The company has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.72.

Franklin Street Properties (NYSE:FSP) last issued its 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 business had revenue of $29.68 million for the quarter. During the same period in the prior year, the company earned ($0.44) EPS. Sell-side analysts forecast that Franklin Street Properties Corp. will post 0.14 earnings per share for the current year.

Franklin Street Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, October 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, October 18th. Franklin Street Properties’s payout ratio is presently -10.26%.

About Franklin Street Properties

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.