Franklin Street Properties Corp. (NYSE:FSP) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Franklin Street Properties Corp. (NYSE:FSP) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,253 shares of the company’s stock after purchasing an additional 8,407 shares during the quarter. SG Americas Securities LLC’s holdings in Franklin Street Properties were worth $75,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FSP. The Manufacturers Life Insurance Company acquired a new stake in shares of Franklin Street Properties in the second quarter valued at about $66,000. Bfsg LLC boosted its position in Franklin Street Properties by 11.1% during the third quarter. Bfsg LLC now owns 70,430 shares of the company’s stock worth $125,000 after acquiring an additional 7,020 shares during the last quarter. Private Management Group Inc. raised its stake in Franklin Street Properties by 7.9% during the third quarter. Private Management Group Inc. now owns 9,222,820 shares of the company’s stock worth $16,324,000 after purchasing an additional 673,231 shares during the period. BNP Paribas Financial Markets raised its stake 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 purchasing an additional 5,433 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in Franklin Street Properties by 31.2% during the third quarter. Integrated Wealth Concepts LLC now owns 95,511 shares of the company’s stock worth $169,000 after purchasing an additional 22,727 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

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

Franklin Street Properties Price Performance

Franklin Street Properties stock opened at $2.04 on Friday. The company’s 50 day simple moving average is $1.85 and its 200-day simple moving average is $1.78. The company has a market capitalization of $211.28 million, a price-to-earnings ratio of -5.23 and a beta of 0.82. Franklin Street Properties Corp. has a 1 year low of $1.47 and a 1 year high of $2.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28.

Franklin Street Properties (NYSE:FSP) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.08) earnings per share (EPS) for the quarter. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. During the same quarter in the previous year, the company earned $0.03 earnings per share. As a group, equities research analysts expect that Franklin Street Properties Corp. will post 0.14 earnings per share for the current year.

Franklin Street Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Friday, January 24th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Friday, January 24th. Franklin Street Properties’s dividend payout ratio (DPR) is currently -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.