Dimensional Fund Advisors LP Cuts Position in Franklin Street Properties Corp. (NYSE:FSP)

Dimensional Fund Advisors LP lessened its holdings in Franklin Street Properties Corp. (NYSE:FSP) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,108,934 shares of the company’s stock after selling 169,877 shares during the period. Dimensional Fund Advisors LP owned approximately 1.07% of Franklin Street Properties worth $1,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSP. Cannon Global Investment Management LLC purchased a new position in shares of Franklin Street Properties in the 1st quarter worth approximately $25,000. Fifth Lane Capital LP purchased a new position in shares of Franklin Street Properties in the 1st quarter worth approximately $56,000. Bfsg LLC boosted its stake in shares of Franklin Street Properties by 16.2% in the 2nd quarter. Bfsg LLC now owns 63,410 shares of the company’s stock worth $97,000 after buying an additional 8,860 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Franklin Street Properties in the 1st quarter worth approximately $147,000. Finally, Rhumbline Advisers boosted its stake in shares of Franklin Street Properties by 3,118.3% in the 2nd quarter. Rhumbline Advisers now owns 102,984 shares of the company’s stock worth $158,000 after buying an additional 99,784 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Price Performance

Franklin Street Properties stock opened at $1.60 on Friday. Franklin Street Properties Corp. has a 12 month low of $1.47 and a 12 month high of $2.72. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.44. The business’s 50 day simple moving average is $1.66 and its 200 day simple moving average is $1.78. The company has a market cap of $165.71 million, a price-to-earnings ratio of -2.35 and a beta of 0.81.

Franklin Street Properties (NYSE:FSP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $30.83 million during the quarter. Sell-side analysts forecast that Franklin Street Properties Corp. will post 0.13 EPS for the current year.

Franklin Street Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a yield of 2.50%. Franklin Street Properties’s payout ratio is -5.88%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th.

Franklin Street Properties 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.