Franklin Street Properties (NYSE:FSP - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10), RTT News reports. Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. The business had revenue of $29.68 million during the quarter. During the same period last year, the firm earned ($0.44) EPS.
Franklin Street Properties Price Performance
Shares of NYSE:FSP traded down $0.06 during trading on Wednesday, reaching $1.80. 273,924 shares of the company's stock traded hands, compared to its average volume of 616,721. The firm has a market cap of $185.90 million, a PE ratio of -2.68 and a beta of 0.81. The company has a 50-day simple moving average of $1.71 and a 200-day simple moving average of $1.73. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.44. Franklin Street Properties has a fifty-two week low of $1.47 and a fifty-two week high of $2.72.
Franklin Street Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Friday, October 18th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, October 18th. Franklin Street Properties's payout ratio is -5.88%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Franklin Street Properties from a "hold" rating to a "sell" rating in a research note on Monday.
Check Out Our Latest Research Report on Franklin Street Properties
Franklin Street Properties Company Profile
(
Get Free Report)
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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