Hsbc Holdings PLC grew its position in Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,768 shares of the real estate investment trust’s stock after purchasing an additional 13,296 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of Franklin Street Properties worth $372,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of FSP. Magnus Financial Group LLC acquired a new stake in Franklin Street Properties during the fourth quarter worth approximately $49,000. GSA Capital Partners LLP acquired a new stake in Franklin Street Properties during the fourth quarter worth approximately $57,000. Jupiter Asset Management Ltd. grew its position in Franklin Street Properties by 27.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 13,226 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 2,852 shares in the last quarter. Advisor Partners LLC acquired a new stake in Franklin Street Properties during the fourth quarter worth approximately $61,000. Finally, Guggenheim Capital LLC acquired a new stake in Franklin Street Properties during the fourth quarter worth approximately $67,000. 78.57% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on FSP. TheStreet raised Franklin Street Properties from a “d+” rating to a “c” rating in a research report on Wednesday, February 17th. Zacks Investment Research downgraded Franklin Street Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Franklin Street Properties currently has an average rating of “Hold” and a consensus price target of $6.31.
Franklin Street Properties (NYSEAMERICAN:FSP) last issued its earnings results on Monday, February 15th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.09. Franklin Street Properties had a negative return on equity of 0.16% and a negative net margin of 0.46%. On average, equities analysts predict that Franklin Street Properties Corp. will post 0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 16th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Thursday, April 15th. Franklin Street Properties’s payout ratio is 39.56%.
In related news, Director Dennis J. Mcgillicuddy bought 122,728 shares of the stock in a transaction that occurred on Monday, February 22nd. The stock was acquired at an average cost of $4.34 per share, with a total value of $532,639.52. Following the transaction, the director now directly owns 16,174 shares in the company, valued at $70,195.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian N. Hansen bought 62,500 shares of the stock in a transaction that occurred on Friday, February 19th. The shares were bought at an average cost of $4.14 per share, with a total value of $258,750.00. Following the completion of the transaction, the director now owns 141,174 shares in the company, valued at $584,460.36. The disclosure for this purchase can be found here. 3.69% of the stock is currently owned by corporate insiders.
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.
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