Franklin Street Properties (NYSE:FSP) Downgraded to Sell at StockNews.com

StockNews.com downgraded shares of Franklin Street Properties (NYSE:FSP) from a hold rating to a sell rating in a research report report published on Saturday morning.

Franklin Street Properties Stock Performance

Shares of NYSE FSP opened at $1.94 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $200.65 million, a price-to-earnings ratio of -4.13 and a beta of 0.82. The business’s 50-day simple moving average is $2.25 and its 200-day simple moving average is $2.26. Franklin Street Properties has a 52 week low of $1.13 and a 52 week high of $2.72.

Franklin Street Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 19th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.06%. Franklin Street Properties’s dividend payout ratio is currently -8.51%.

Hedge Funds Weigh In On Franklin Street Properties

Several hedge funds and other institutional investors have recently modified their holdings of FSP. Diversified Trust Co acquired a new stake in Franklin Street Properties during the 3rd quarter valued at $26,000. Victory Capital Management Inc. acquired a new stake in shares of Franklin Street Properties in the 4th quarter valued at $28,000. Stokes Family Office LLC acquired a new stake in shares of Franklin Street Properties in the 3rd quarter valued at $29,000. Quadrature Capital Ltd acquired a new stake in shares of Franklin Street Properties during the third quarter worth $29,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Franklin Street Properties during the fourth quarter worth $31,000. Institutional investors own 61.41% of the company’s stock.

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.