Franklin Street Properties (NYSE:FSP) Trading 4.3% Higher – Here’s Why

Franklin Street Properties Corp. (NYSE:FSP) was up 4.3% on Monday . The company traded as high as $0.5431 and last traded at $0.5320. 365,833 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 596,006 shares. The stock had previously closed at $0.51.

Franklin Street Properties Stock Performance

The stock has a fifty day simple moving average of $0.58 and a 200-day simple moving average of $0.72. The stock has a market cap of $55.16 million, a P/E ratio of -1.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Franklin Street Properties in the 1st quarter valued at approximately $33,000. Strs Ohio bought a new stake in Franklin Street Properties in the 1st quarter valued at approximately $32,000. XTX Topco Ltd boosted its position in Franklin Street Properties by 253.9% during the 2nd quarter. XTX Topco Ltd now owns 91,183 shares of the company’s stock worth $150,000 after acquiring an additional 65,415 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Franklin Street Properties by 61.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 421,606 shares of the company’s stock worth $691,000 after acquiring an additional 160,529 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Franklin Street Properties by 644.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 36,907 shares of the company’s stock worth $61,000 after acquiring an additional 31,951 shares in the last quarter. 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.