Franklin Street Properties (NYSE:FSP) Stock Price Down 0.7% – Time to Sell?

Franklin Street Properties Corp. (NYSE:FSP)’s share price dropped 0.7% during mid-day trading on Monday . The company traded as low as $0.7590 and last traded at $0.7590. Approximately 462,906 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 455,223 shares. The stock had previously closed at $0.7640.

Franklin Street Properties Price Performance

The business’s 50-day moving average price is $0.87 and its 200 day moving average price is $1.21. 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 has a market capitalization of $78.70 million, a P/E ratio of -1.52 and a beta of 0.97.

Franklin Street Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Friday, January 23rd were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.04 annualized dividend and a dividend yield of 5.3%. Franklin Street Properties’s dividend payout ratio is presently -8.89%.

Hedge Funds Weigh In On Franklin Street Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. purchased a new stake in shares of Franklin Street Properties in the 3rd quarter valued at about $27,000. Quadrature Capital Ltd purchased a new stake in Franklin Street Properties in the second quarter valued at approximately $31,000. Strs Ohio bought a new stake in Franklin Street Properties during the first quarter valued at approximately $32,000. Jane Street Group LLC bought a new stake in Franklin Street Properties during the first quarter valued at approximately $33,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Franklin Street Properties in the 2nd quarter worth approximately $43,000. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

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.