Bruce J. Schanzer Purchases 43,311 Shares of Franklin Street Properties Corp. (NYSE:FSP) Stock

Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) Director Bruce J. Schanzer bought 43,311 shares of the company's stock in a transaction on Friday, December 13th. The shares were bought at an average price of $1.89 per share, for a total transaction of $81,857.79. Following the transaction, the director now owns 3,489,374 shares of the company's stock, valued at approximately $6,594,916.86. This represents a 1.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Franklin Street Properties Price Performance

Shares of FSP stock traded down $0.01 on Tuesday, reaching $2.08. The company's stock had a trading volume of 435,761 shares, compared to its average volume of 598,237. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Franklin Street Properties Corp. has a 12-month low of $1.47 and a 12-month high of $2.72. The company has a market capitalization of $215.42 million, a P/E ratio of -5.33 and a beta of 0.82. The stock's 50 day simple moving average is $1.83 and its 200-day simple moving average is $1.72.

Franklin Street Properties (NYSE:FSP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. The business had revenue of $29.68 million during the quarter. During the same quarter in the previous year, the business earned ($0.44) EPS. As a group, equities analysts predict that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, October 18th were given a dividend of $0.01 per share. The ex-dividend date was Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a yield of 1.92%. Franklin Street Properties's payout ratio is -10.26%.

Institutional Investors Weigh In On Franklin Street Properties

Large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in Franklin Street Properties during the second quarter valued at about $34,000. BNP Paribas Financial Markets raised its position in Franklin Street Properties by 33.4% during the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company's stock valued at $38,000 after purchasing an additional 5,433 shares in the last quarter. XTX Topco Ltd purchased a new stake in Franklin Street Properties during the third quarter valued at about $39,000. Virtu Financial LLC purchased a new stake in Franklin Street Properties during the third quarter valued at about $43,000. Finally, SG Americas Securities LLC grew its stake in shares of Franklin Street Properties by 92.1% during the third quarter. SG Americas Securities LLC now owns 32,846 shares of the company's stock valued at $58,000 after buying an additional 15,750 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Franklin Street Properties from a "hold" rating to a "sell" rating in a research report on Monday, October 28th.

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.