StockNews.com Downgrades Franklin Street Properties (NYSE:FSP) to Sell

Franklin Street Properties (NYSE:FSP - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Monday.

Franklin Street Properties Stock Performance

Franklin Street Properties stock traded up $0.05 on Monday, reaching $1.80. 659,274 shares of the stock were exchanged, compared to its average volume of 616,177. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.44. Franklin Street Properties has a twelve month low of $1.47 and a twelve month high of $2.72. The firm has a fifty day moving average price of $1.70 and a two-hundred day moving average price of $1.74. The stock has a market cap of $186.43 million, a PE ratio of -2.65 and a beta of 0.81.

Franklin Street Properties (NYSE:FSP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The business had revenue of $30.83 million for the quarter. Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. Sell-side analysts anticipate that Franklin Street Properties will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Franklin Street Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Management Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,970,790 shares during the period. Acuitas Investments LLC boosted its holdings in Franklin Street Properties by 39.5% during the second quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company's stock valued at $3,176,000 after purchasing an additional 587,401 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Franklin Street Properties by 25.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,225,376 shares of the company's stock valued at $5,050,000 after purchasing an additional 458,235 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of 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 worth $459,000 after buying an additional 272,622 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Franklin Street Properties by 25.4% in the 2nd quarter. Marshall Wace LLP now owns 890,682 shares of the company's stock worth $1,363,000 after buying an additional 180,324 shares in the last quarter. Institutional investors own 61.41% of the company's stock.

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.

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