SVB Wealth LLC Makes New $38,000 Investment in Franklin Street Properties Corp. (NYSE:FSP)

SVB Wealth LLC bought a new position in shares of Franklin Street Properties Corp. (NYSE:FSP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,985 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds also recently made changes to their positions in the business. Citigroup Inc. boosted its stake in shares of Franklin Street Properties by 26,035.6% in the third quarter. Citigroup Inc. now owns 352,830 shares of the company’s stock valued at $653,000 after buying an additional 351,480 shares during the period. AQR Capital Management LLC lifted its position in shares of Franklin Street Properties by 17.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,397,868 shares of the company’s stock valued at $4,436,000 after acquiring an additional 349,006 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Franklin Street Properties by 6.9% during the 3rd quarter. Acadian Asset Management LLC now owns 1,476,621 shares of the company’s stock worth $2,730,000 after purchasing an additional 94,760 shares in the last quarter. Jump Financial LLC bought a new position in shares of Franklin Street Properties in the third quarter worth $116,000. Finally, Barclays PLC raised its stake in Franklin Street Properties by 1,102.8% in the third quarter. Barclays PLC now owns 60,138 shares of the company’s stock valued at $111,000 after purchasing an additional 55,138 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

Franklin Street Properties Stock Up 10.7 %

Shares of FSP opened at $2.07 on Wednesday. The firm has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $2.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 1.26. Franklin Street Properties Corp. has a one year low of $1.13 and a one year high of $2.72. The company has a market cap of $214.10 million, a P/E ratio of -4.40 and a beta of 0.82.

Franklin Street Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.93%. Franklin Street Properties’s dividend payout ratio (DPR) is currently -8.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th.

Franklin Street Properties 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.