Franklin Street Properties Corp. CFO Acquires $12,170 in Stock (FSP)
Franklin Street Properties Corp. (NYSE:FSP) CFO John G. Demeritt acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $12.17 per share, with a total value of $12,170.00. Following the transaction, the chief financial officer now directly owns 27,000 shares of the company’s stock, valued at approximately $328,590. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Franklin Street Properties Corp. (NYSE:FSP) traded up 0.58% on Monday, hitting $12.20. 181,196 shares of the company’s stock traded hands. Franklin Street Properties Corp. has a 52-week low of $11.04 and a 52-week high of $13.77. The stock’s 50-day moving average is $12.44 and its 200-day moving average is $12.33. The company has a market cap of $1.222 billion and a P/E ratio of 67.77.
Franklin Street Properties Corp. (NYSE:FSP) last released its earnings data on Tuesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Analysts expect that Franklin Street Properties Corp. will post $1.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Friday, July 25th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend is Wednesday, July 23rd.
Franklin Street Properties Corp. (NYSE:FSP) is a real estate investment trust (REIT).
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