Insider Buying: Franklin Street Properties Corp. (NYSE:FSP) Insider Acquires 18,500 Shares of Stock

Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) insider Jeffrey B. Carter purchased 18,500 shares of the firm's stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $2.12 per share, with a total value of $39,220.00. Following the transaction, the insider now directly owns 18,500 shares in the company, valued at $39,220. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Franklin Street Properties Stock Up 4.0 %

NYSE:FSP traded up $0.08 during trading hours on Monday, hitting $2.09. The company's stock had a trading volume of 553,376 shares, compared to its average volume of 598,908. The stock has a market capitalization of $216.46 million, a P/E ratio of -5.36 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 stock has a fifty day moving average of $1.82 and a 200-day moving average of $1.72. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.72.

Franklin Street Properties (NYSE:FSP - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) earnings per share 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 company had revenue of $29.68 million for the quarter. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. On average, equities analysts forecast that Franklin Street Properties Corp. will post 0.14 earnings per share for the current year.

Franklin Street Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, October 18th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, October 18th. Franklin Street Properties's payout ratio is -10.26%.

Wall Street Analyst Weigh In

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

Institutional Trading of Franklin Street Properties

A number of large investors have recently made changes to their positions in the company. Private Management Group Inc. grew its position in Franklin Street Properties by 30.0% during the 2nd quarter. Private Management Group Inc. now owns 8,549,589 shares of the company's stock worth $13,081,000 after purchasing an additional 1,970,790 shares during the last quarter. RBF Capital LLC acquired a new position in shares of Franklin Street Properties in the third quarter valued at approximately $1,795,000. Acuitas Investments LLC raised its stake in shares of Franklin Street Properties by 39.5% during the second quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company's stock worth $3,176,000 after purchasing an additional 587,401 shares during the last quarter. Bank of New York Mellon Corp grew its position in Franklin Street Properties by 1,005.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 299,743 shares of the company's stock valued at $459,000 after buying an additional 272,622 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Franklin Street Properties by 9.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company's stock valued at $3,732,000 after buying an additional 215,358 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

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.