Franklin Street Properties (NYSE:FSP) Trading 3.7% Higher – Should You Buy?

Franklin Street Properties Corp. (NYSE:FSP) shares traded up 3.7% during trading on Friday . The company traded as high as $0.59 and last traded at $0.5724. 673,364 shares traded hands during trading, an increase of 38% from the average session volume of 488,992 shares. The stock had previously closed at $0.5520.

Franklin Street Properties Price Performance

The stock has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $59.35 million, a price-to-earnings ratio of -1.14 and a beta of 0.85.

Hedge Funds Weigh In On Franklin Street Properties

Several institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. acquired a new position in Franklin Street Properties in the 3rd quarter valued at about $27,000. Strs Ohio acquired a new position in Franklin Street Properties in the 1st quarter valued at about $32,000. Jane Street Group LLC acquired a new position in Franklin Street Properties in the 1st quarter valued at about $33,000. Franklin Resources Inc. increased its position in Franklin Street Properties by 144.4% in the 3rd quarter. Franklin Resources Inc. now owns 35,986 shares of the company’s stock valued at $58,000 after acquiring an additional 21,264 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Franklin Street Properties by 25.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 120,244 shares of the company’s stock valued at $114,000 after acquiring an additional 24,199 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

Franklin Street Properties Company Profile

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.