Peapod Lane Capital LLC Makes New $4.79 Million Investment in Franklin Street Properties Corp. (NYSE:FSP)

Peapod Lane Capital LLC purchased a new position in Franklin Street Properties Corp. (NYSE:FSP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,617,660 shares of the company's stock, valued at approximately $4,790,000. Franklin Street Properties accounts for about 4.7% of Peapod Lane Capital LLC's investment portfolio, making the stock its biggest position. Peapod Lane Capital LLC owned approximately 2.53% of Franklin Street Properties at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FSP. Private Management Group Inc. raised its position in shares of Franklin Street Properties by 2.3% in the fourth quarter. Private Management Group Inc. now owns 9,438,396 shares of the company's stock valued at $17,272,000 after purchasing an additional 215,576 shares during the period. EMC Capital Management grew its stake in Franklin Street Properties by 120.4% in the 4th quarter. EMC Capital Management now owns 30,425 shares of the company's stock valued at $56,000 after buying an additional 16,621 shares in the last quarter. SG Americas Securities LLC raised its holdings in Franklin Street Properties by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 41,253 shares of the company's stock valued at $75,000 after acquiring an additional 8,407 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Franklin Street Properties by 97.1% during the third quarter. JPMorgan Chase & Co. now owns 231,681 shares of the company's stock worth $410,000 after acquiring an additional 114,161 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Franklin Street Properties in the third quarter worth $43,000. Hedge funds and other institutional investors own 61.41% of the company's stock.

Analyst Ratings Changes

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

Franklin Street Properties Price Performance

Shares of Franklin Street Properties stock traded down $0.04 on Monday, reaching $2.00. The stock had a trading volume of 155,148 shares, compared to its average volume of 184,107. The business's 50 day moving average is $1.86 and its two-hundred day moving average is $1.78. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. Franklin Street Properties Corp. has a 1 year low of $1.47 and a 1 year high of $2.47. The company has a market cap of $207.14 million, a P/E ratio of -5.13 and a beta of 0.82.

Franklin Street Properties (NYSE:FSP - Get Free Report) last posted 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 return on equity of 5.88% and a negative net margin of 32.11%. During the same quarter in the previous year, the firm earned $0.03 earnings per share. As a group, research analysts anticipate that Franklin Street Properties Corp. will post 0.14 EPS for the current year.

Franklin Street Properties Announces Dividend

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

Insider Buying and Selling

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