Intech Investment Management LLC Buys 32,760 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Intech Investment Management LLC grew its stake in shares of Franklin Street Properties Corp. (NYSE:FSP) by 252.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 45,731 shares of the company’s stock after acquiring an additional 32,760 shares during the period. Intech Investment Management LLC’s holdings in Franklin Street Properties were worth $84,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in Franklin Street Properties by 33.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after acquiring an additional 5,433 shares during the period. XTX Topco Ltd purchased a new position in shares of Franklin Street Properties during the 3rd quarter valued at $39,000. Virtu Financial LLC bought a new position in shares of Franklin Street Properties in the third quarter worth $43,000. Raymond James Financial Inc. purchased a new stake in shares of Franklin Street Properties in the fourth quarter worth $47,000. Finally, EMC Capital Management boosted its stake in Franklin Street Properties by 120.4% during the fourth quarter. EMC Capital Management now owns 30,425 shares of the company’s stock valued at $56,000 after buying an additional 16,621 shares during the period. 61.41% of the stock is owned by hedge funds and other institutional investors.

Franklin Street Properties Price Performance

Shares of NYSE FSP opened at $1.84 on Friday. The stock’s 50-day simple moving average is $1.85 and its two-hundred day simple moving average is $1.82. Franklin Street Properties Corp. has a twelve month low of $1.47 and a twelve month high of $2.28. The firm has a market capitalization of $190.56 million, a P/E ratio of -3.68 and a beta of 0.82. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.38.

Franklin Street Properties (NYSE:FSP) last announced its earnings results on Tuesday, February 11th. The company reported ($0.08) earnings per share for the quarter. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%. During the same quarter in the previous year, the company earned $0.03 earnings per share. As a group, equities analysts anticipate that Franklin Street Properties Corp. will post 0.12 EPS for the current fiscal year.

Franklin Street Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Friday, January 24th were given a $0.01 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.04 annualized dividend and a yield of 2.17%. Franklin Street Properties’s dividend payout ratio (DPR) is presently -8.00%.

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.