Point72 DIFC Ltd Invests $34,000 in Franklin Street Properties Corp. (NYSE:FSP)

Point72 DIFC Ltd purchased a new stake in shares of Franklin Street Properties Corp. (NYSE:FSP) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 22,403 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Franklin Street Properties by 25.9% during the first quarter. Acadian Asset Management LLC now owns 2,225,376 shares of the company’s stock worth $5,050,000 after buying an additional 458,235 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Franklin Street Properties in the 1st quarter worth about $2,796,000. Private Management Group Inc. raised its position in Franklin Street Properties by 30.0% in the second quarter. Private Management Group Inc. now owns 8,549,589 shares of the company’s stock valued at $13,081,000 after purchasing an additional 1,970,790 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Franklin Street Properties by 38.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 221,282 shares of the company’s stock valued at $502,000 after purchasing an additional 61,038 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of Franklin Street Properties by 59.8% during the fourth quarter. Quadrature Capital Ltd now owns 131,345 shares of the company’s stock valued at $337,000 after purchasing an additional 49,174 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Franklin Street Properties Trading Down 1.2 %

Shares of NYSE FSP opened at $1.70 on Monday. The stock has a market cap of $175.83 million, a P/E ratio of -3.04 and a beta of 0.82. The firm has a 50 day moving average price of $1.68 and a two-hundred day moving average price of $1.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.79 and a current ratio of 2.79. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.72.

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

Franklin Street Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, July 19th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, July 19th. Franklin Street Properties’s payout ratio is presently -7.14%.

Analyst Ratings Changes

Separately, StockNews.com raised Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Saturday.

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.