Insider Activity at Franklin Street Properties Corp. (NYSE:FSP)

On Monday, December 16th, Jeffrey B. Carter, an insider at Franklin Street Properties Corp. (NYSE:FSP - Get Free Report), made a significant investment in the company by acquiring 18,500 shares of stock. The shares were purchased at an average price of $2.12 each, totaling an investment of $39,220. Following this acquisition, Carter now owns 18,500 shares worth approximately $39,220. This move marks an increase in his ownership stake in the company. The purchase was duly reported in a filing with the Securities & Exchange Commission (SEC), which is accessible through their official website.

Current Stock Performance of Franklin Street Properties

As of Tuesday, the shares of Franklin Street Properties opened at $2.09. The company’s stock performance can be analyzed through its moving averages, with a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.72. Franklin Street Properties has a market capitalization of $216.46 million, a price-to-earnings ratio of -5.36, and a beta of 0.82. Its financial metrics include a debt-to-equity ratio of 0.41 and both a current and quick ratio of 2.28. The stock has fluctuated over the past year, with a low of $1.47 and a high of $2.72.

Franklin Street Properties released its latest earnings results on Tuesday, October 29th, reporting a loss of $0.15 per share for the quarter, missing analysts’ expectations of a loss of $0.05 by $0.10. The company also revealed a negative return on equity of 5.88% and a net margin of -32.11%. The revenue generated during the quarter was $29.68 million, compared to a loss of $0.44 per share during the same quarter of the previous year. Looking ahead, research analysts predict Franklin Street Properties will achieve earnings of $0.14 per share in the current fiscal year.

Dividend Information from Franklin Street Properties

Recently, Franklin Street Properties declared a quarterly dividend that was paid on Thursday, November 7th. Shareholders listed on the record as of Friday, October 18th, received a dividend of $0.01 per share. This translates to an annualized dividend of $0.04, with a dividend yield of 1.91%. The ex-dividend date was also on Friday, October 18th. Currently, the payout ratio for Franklin Street Properties stands at -10.26%.

Institutional Investor Interest in Franklin Street Properties

Institutional investors have recently adjusted their holdings in Franklin Street Properties. For example, BNP Paribas Financial Markets increased its stake by 33.4% during the third quarter, owning 21,718 shares valued at approximately $38,000 after acquiring an additional 5,433 shares. In the same quarter, XTX Topco Ltd and Point72 DIFC Ltd also took new positions in the company, valued at around $39,000 and $34,000, respectively. Moreover, Virtu Financial purchased a new stake valued at $43,000, and SG Americas Securities LLC boosted its holdings by 92.1%, bringing their total to 32,846 shares worth $58,000. Overall, institutional investors collectively hold about 61.41% of Franklin Street Properties' stock.

Analysts’ Ratings for Franklin Street Properties

In recent analysis, StockNews.com downgraded Franklin Street Properties from a “hold” to a “sell” rating in a note released on Monday, October 28th.

About Franklin Street Properties Corp.

Franklin Street Properties Corp., headquartered in Wakefield, Massachusetts, focuses on investing in office properties located in the U.S. Sunbelt and Mountain West regions, along with select opportunistic markets. The company aims to pursue value-oriented investments that provide potential for long-term growth, appreciation, and current income.

insider, stock, investment