Franklin Street Properties (NYSE:FSP) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Franklin Street Properties (NYSE:FSP) from a hold rating to a sell rating in a report released on Monday morning.

Franklin Street Properties Stock Up 0.6 %

Shares of NYSE FSP opened at $1.78 on Monday. The company has a market cap of $184.35 million, a price-to-earnings ratio of -2.60 and a beta of 0.81. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $1.71 and its 200 day moving average is $1.73. Franklin Street Properties has a 52 week low of $1.47 and a 52 week high of $2.72.

Franklin Street Properties (NYSE:FSP) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $29.68 million for the quarter. Franklin Street Properties had a negative net margin of 52.85% and a negative return on equity of 10.06%. During the same period last year, the business posted ($0.44) earnings per share. On average, equities research analysts expect that Franklin Street Properties will post 0.13 earnings per share for the current year.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Friday, October 18th will be issued a $0.01 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.04 annualized dividend and a yield of 2.25%. Franklin Street Properties’s dividend payout ratio (DPR) is presently -5.88%.

Institutional Investors Weigh In On Franklin Street Properties

Large investors have recently modified their holdings of the stock. Fifth Lane Capital LP bought a new stake in shares of Franklin Street Properties during the first quarter valued at approximately $56,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Franklin Street Properties by 38.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 221,282 shares of the company’s stock worth $502,000 after buying an additional 61,038 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Franklin Street Properties in the 1st quarter worth about $147,000. Private Management Group Inc. lifted its holdings in shares of Franklin Street Properties by 10.5% during the first quarter. Private Management Group Inc. now owns 6,578,799 shares of the company’s stock valued at $14,934,000 after purchasing an additional 623,685 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Franklin Street Properties by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 8,236,758 shares of the company’s stock worth $18,697,000 after buying an additional 25,568 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

About Franklin Street Properties

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.