Franklin Street Properties Corp. (NYSE:FSP) to Issue $0.01 Quarterly Dividend

Franklin Street Properties Corp. (NYSE:FSP) announced a quarterly dividend on Friday, January 9th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.01 per share on Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, January 23rd.

Franklin Street Properties has decreased its dividend payment by an average of 0.4%annually over the last three years. Franklin Street Properties has a payout ratio of -12.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Franklin Street Properties to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 36.4%.

Franklin Street Properties Price Performance

Shares of NYSE FSP opened at $0.92 on Friday. The firm has a market cap of $95.09 million, a P/E ratio of -1.83 and a beta of 0.97. Franklin Street Properties has a twelve month low of $0.85 and a twelve month high of $2.09. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $0.99 and a 200 day moving average of $1.39.

Institutional Investors Weigh In On Franklin Street Properties

Institutional investors have recently modified their holdings of the business. Private Management Group Inc. raised its position in Franklin Street Properties by 3.1% in the 3rd quarter. Private Management Group Inc. now owns 10,069,628 shares of the company’s stock worth $16,111,000 after buying an additional 307,344 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Franklin Street Properties by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,721,142 shares of the company’s stock worth $7,554,000 after acquiring an additional 55,323 shares during the period. Peapod Lane Capital LLC raised its holdings in shares of Franklin Street Properties by 0.3% during the second quarter. Peapod Lane Capital LLC now owns 2,622,083 shares of the company’s stock valued at $4,300,000 after purchasing an additional 8,692 shares during the last quarter. Acadian Asset Management LLC lifted its position in Franklin Street Properties by 1.5% during the first quarter. Acadian Asset Management LLC now owns 2,324,269 shares of the company’s stock valued at $4,136,000 after purchasing an additional 34,889 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in Franklin Street Properties by 61.5% during the second quarter. Qube Research & Technologies Ltd now owns 421,606 shares of the company’s stock valued at $691,000 after purchasing an additional 160,529 shares during the period. 61.41% of the stock is owned by hedge funds and other institutional investors.

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.