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

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

Other institutional investors have added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in shares of Franklin Street Properties by 25.9% in 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 purchased a new position in Franklin Street Properties in the first quarter worth approximately $2,796,000. Private Management Group Inc. increased 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 in the last quarter. BI Asset Management Fondsmaeglerselskab AS raised its stake in shares of Franklin Street Properties by 38.1% in the first quarter. BI Asset Management Fondsmaeglerselskab AS now owns 221,282 shares of the company’s stock valued at $502,000 after purchasing an additional 61,038 shares during the last quarter. Finally, Quadrature Capital Ltd raised 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 buying an additional 49,174 shares during the last quarter. 61.41% of the shares are currently owned by institutional investors and hedge funds.

Franklin Street Properties trades down 1.2%

Shares of NYSE FSP stock 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. it has a 52 week low of $1.47 and a 52 week high of $2.72.

Franklin Street Properties (NYSE:FSP – Get Free Report ) 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 estimate that Franklin Street Properties Corp. will post 0.13 EPS for the current year.

Franklin Street Properties announces dividend

The company 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 an annualized dividend of $0.04 and a yield of 2.35%. The ex-dividend date was Friday, July 19. Franklin Street Properties’ payout ratio is currently -7.14%.

Changes in Analyst Ratings

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

Check out our latest report on Franklin Street Properties

Franklin Street Properties Company Profile

(Free Report)

Franklin Street Properties Corp., based in Wakefield, Massachusetts, focuses on infill office and central business district (CBD) properties in the US Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye toward long-term growth and appreciation as well as current income.

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