Franklin Street Properties Corp. (NYSE:FSP) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in shares of Franklin Street Properties Corp. (NYSE:FSP – Free Report) by 5.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,427,857 shares of the company’s stock after selling 216,849 shares during the quarter. LSV Asset Management owned about 3.31% of Franklin Street Properties worth $5,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. purchased a new position in Franklin Street Properties in the fourth quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Franklin Street Properties by 85.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,542 shares of the company’s stock worth $170,000 after buying an additional 30,746 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Franklin Street Properties by 59.8% in the 4th 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 in the last quarter. Confluence Investment Management LLC purchased a new position in Franklin Street Properties in the first quarter worth $2,796,000. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Franklin Street Properties in the first quarter worth $25,000. 61.41% of the shares are currently held by hedge funds and other institutional investors.

Franklin Street Properties stock fell 3.3%

Shares of NYSE:FSP opened at $1.64 on Thursday. 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 company has a market cap of $169.11 million, a P/E ratio of -2.89 and a beta of 0.82. Franklin Street Properties Corp. it has a 52 week low of $1.47 and a 52 week high of $2.72. The stock’s fifty-day simple moving average is $1.65, and its 200-day simple moving average is $1.86.

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

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, July 19th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, July 19. This represents a dividend of $0.04 on an annualized basis and a yield of 2.45%. Franklin Street Properties’ dividend payout ratio (DPR) is currently -7.14%.

About Franklin Street Properties

(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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