Franklin Street Properties (NYSE:FSP) Upgraded at StockNews.com

Franklin Street Properties (NYSE:FSP) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Franklin Street Properties Stock Down 1.2 %

Franklin Street Properties stock opened at $1.70 on Friday. Franklin Street Properties has a twelve month low of $1.47 and a twelve month high of $2.72. The firm has a 50 day moving average price of $1.68 and a 200-day moving average price of $1.82. The company has a market capitalization of $176.07 million, a P/E ratio of -3.04 and a beta of 0.82. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.44.

Franklin Street Properties (NYSE:FSP) last released its earnings results on Tuesday, July 30th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). Franklin Street Properties had a negative net margin of 52.85% and a negative return on equity of 10.06%. The company had revenue of $30.83 million for the quarter. As a group, equities analysts predict that Franklin Street Properties will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSP. Point72 DIFC Ltd purchased a new stake in Franklin Street Properties in the 2nd quarter worth approximately $34,000. Algert Global LLC lifted its stake in Franklin Street Properties by 123.1% in the 2nd quarter. Algert Global LLC now owns 60,225 shares of the company’s stock worth $92,000 after purchasing an additional 33,233 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Franklin Street Properties in the 2nd quarter worth approximately $66,000. Marshall Wace LLP lifted its stake in Franklin Street Properties by 25.4% in the 2nd quarter. Marshall Wace LLP now owns 890,682 shares of the company’s stock worth $1,363,000 after purchasing an additional 180,324 shares in the last quarter. Finally, Private Management Group Inc. raised its position in shares of Franklin Street Properties by 30.0% during the 2nd quarter. Private Management Group Inc. now owns 8,549,589 shares of the company’s stock valued at $13,081,000 after buying an additional 1,970,790 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

Franklin Street Properties Company 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.