Franklin Street Properties (NYSE:FSP) Posts Earnings Results

Franklin Street Properties (NYSE:FSP - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, RTT News reports. Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. During the same quarter in the prior year, the firm posted $0.03 EPS.

Franklin Street Properties Stock Down 2.0 %

NYSE FSP traded down $0.04 during trading hours on Friday, hitting $2.00. The company's stock had a trading volume of 155,148 shares, compared to its average volume of 184,107. Franklin Street Properties has a 52 week low of $1.47 and a 52 week high of $2.47. The company has a market capitalization of $207.14 million, a PE ratio of -5.13 and a beta of 0.82. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company's 50-day simple moving average is $1.86 and its two-hundred day simple moving average is $1.78.

Franklin Street Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Friday, January 24th were given a $0.01 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.04 annualized dividend and a yield of 2.00%. Franklin Street Properties's payout ratio is -10.26%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Franklin Street Properties news, insider Jeffrey B. Carter acquired 18,500 shares of Franklin Street Properties stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $2.12 per share, for a total transaction of $39,220.00. Following the purchase, the insider now owns 18,500 shares of the company's stock, valued at approximately $39,220. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce J. Schanzer acquired 110,589 shares of Franklin Street Properties stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $1.87 per share, with a total value of $206,801.43. Following the completion of the purchase, the director now directly owns 3,405,463 shares in the company, valued at $6,368,215.81. This represents a 3.36 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 172,400 shares of company stock valued at $327,879 in the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

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.