Franklin Street Properties (NYSE:FSP) Trading Down 0.5% – What’s Next?

Franklin Street Properties Corp. (NYSE:FSP) shares traded down 0.5% during mid-day trading on Tuesday . The stock traded as low as $0.8921 and last traded at $0.90. 586,101 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 449,456 shares. The stock had previously closed at $0.9044.

Franklin Street Properties Trading Down 0.5%

The firm has a market capitalization of $93.32 million, a PE ratio of -1.80 and a beta of 0.95. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $1.43.

Franklin Street Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 17th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, October 17th. Franklin Street Properties’s dividend payout ratio (DPR) is -8.89%.

Hedge Funds Weigh In On Franklin Street Properties

A number of large investors have recently made changes to their positions in FSP. Private Management Group Inc. boosted its position in shares of Franklin Street Properties by 3.1% in the 3rd quarter. Private Management Group Inc. now owns 10,069,628 shares of the company’s stock worth $16,111,000 after purchasing an additional 307,344 shares in the last quarter. Vanguard Group Inc. raised its position in Franklin Street Properties by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,721,142 shares of the company’s stock worth $7,554,000 after buying an additional 55,323 shares during the last quarter. Peapod Lane Capital LLC lifted its position in Franklin Street Properties by 0.3% during the second quarter. Peapod Lane Capital LLC now owns 2,622,083 shares of the company’s stock valued at $4,300,000 after purchasing an additional 8,692 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Franklin Street Properties by 1.5% in the 1st quarter. Acadian Asset Management LLC now owns 2,324,269 shares of the company’s stock valued at $4,136,000 after buying an additional 34,889 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Franklin Street Properties by 17.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,965 shares of the company’s stock valued at $1,333,000 after acquiring an additional 111,304 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

Franklin Street Properties Company Profile

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.