Franklin Street Properties (NYSE:FSP) Trading Down 4.5% – Time to Sell?

Franklin Street Properties Corp. (NYSE:FSP) shares fell 4.5% during mid-day trading on Friday . The company traded as low as $0.8211 and last traded at $0.84. 1,171,294 shares were traded during mid-day trading, an increase of 224% from the average session volume of 361,200 shares. The stock had previously closed at $0.8796.

Franklin Street Properties Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. The firm’s 50-day moving average price is $0.93 and its two-hundred day moving average price is $1.31. The stock has a market cap of $87.10 million, a price-to-earnings ratio of -1.68 and a beta of 0.97.

Franklin Street Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Friday, January 23rd will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.04 annualized dividend and a dividend yield of 4.8%. Franklin Street Properties’s dividend payout ratio is -8.89%.

Institutional Trading of Franklin Street Properties

Several institutional investors have recently made changes to their positions in the company. Private Management Group Inc. raised its holdings 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 valued at $16,111,000 after buying an additional 307,344 shares during the period. Jane Street Group LLC grew its position in Franklin Street Properties by 1,123.9% in the 2nd quarter. Jane Street Group LLC now owns 224,863 shares of the company’s stock valued at $369,000 after acquiring an additional 206,490 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Franklin Street Properties by 61.5% during the second quarter. Qube Research & Technologies Ltd now owns 421,606 shares of the company’s stock worth $691,000 after purchasing an additional 160,529 shares during the period. Prelude Capital Management LLC purchased a new stake in Franklin Street Properties during the third quarter worth about $236,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Franklin Street Properties during the second quarter worth about $242,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

About Franklin Street Properties

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.