Russell Investments Group Ltd. Has $1.84 Million Holdings in Franklin Street Properties Corp. (NYSE:FSP)

Russell Investments Group Ltd. lowered its holdings in Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,006,790 shares of the company's stock after selling 398,810 shares during the period. Russell Investments Group Ltd. owned about 0.97% of Franklin Street Properties worth $1,842,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FSP. XTX Topco Ltd purchased a new stake in shares of Franklin Street Properties during the 3rd quarter worth about $39,000. Virtu Financial LLC acquired a new stake in shares of Franklin Street Properties during the 3rd quarter worth approximately $43,000. Raymond James Financial Inc. acquired a new stake in shares of Franklin Street Properties during the 4th quarter worth approximately $47,000. EMC Capital Management grew its holdings in shares of Franklin Street Properties by 120.4% during the 4th quarter. EMC Capital Management now owns 30,425 shares of the company's stock worth $56,000 after purchasing an additional 16,621 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Franklin Street Properties during the 4th quarter worth approximately $59,000. Institutional investors own 61.41% of the company's stock.

Franklin Street Properties Stock Performance

Shares of NYSE:FSP traded up $0.03 during trading on Thursday, hitting $1.62. 156,038 shares of the stock were exchanged, compared to its average volume of 524,527. Franklin Street Properties Corp. has a 1-year low of $1.36 and a 1-year high of $2.21. The company has a market capitalization of $167.26 million, a price-to-earnings ratio of -3.23 and a beta of 0.74. The company's fifty day simple moving average is $1.75 and its 200-day simple moving average is $1.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20.

Franklin Street Properties (NYSE:FSP - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported ($0.08) earnings per share (EPS) for the quarter. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%. During the same quarter in the prior year, the business posted $0.03 earnings per share. Sell-side analysts expect that Franklin Street Properties Corp. will post 0.12 EPS for the current fiscal year.

Franklin Street Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.48%. Franklin Street Properties's dividend payout ratio (DPR) is presently -8.00%.

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.