1,013,936 Shares in Franklin Street Properties Corp. (NYSE:FSP) Acquired by RBF Capital LLC

RBF Capital LLC acquired a new stake in Franklin Street Properties Corp. (NYSE:FSP - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,013,936 shares of the company's stock, valued at approximately $1,795,000. RBF Capital LLC owned about 0.98% of Franklin Street Properties as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Private Management Group Inc. lifted its stake 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 purchasing an additional 1,970,790 shares during the last quarter. Algert Global LLC raised its stake in Franklin Street Properties by 123.1% in the second quarter. Algert Global LLC now owns 60,225 shares of the company's stock valued at $92,000 after buying an additional 33,233 shares during the last quarter. Vanguard Group Inc. raised its stake in Franklin Street Properties by 0.3% in the first quarter. Vanguard Group Inc. now owns 8,236,758 shares of the company's stock valued at $18,697,000 after buying an additional 25,568 shares during the last quarter. Acuitas Investments LLC increased its holdings in shares of Franklin Street Properties by 39.5% in 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 during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of Franklin Street Properties in the second quarter valued at about $34,000. 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 report on Monday, October 28th.

Franklin Street Properties Stock Performance

Shares of FSP stock traded down $0.06 during mid-day trading on Thursday, reaching $1.83. The stock had a trading volume of 119,097 shares, compared to its average volume of 591,438. The firm has a market cap of $189.02 million, a price-to-earnings ratio of -4.87 and a beta of 0.82. Franklin Street Properties Corp. has a 1-year low of $1.47 and a 1-year high of $2.72. The business's fifty day moving average is $1.80 and its 200-day moving average is $1.72. 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 (NYSE:FSP - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company had revenue of $29.68 million 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 last year, the business posted ($0.44) earnings per share. On average, research analysts forecast that Franklin Street Properties Corp. will post 0.14 earnings per share for the current year.

Franklin Street Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, October 18th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, October 18th. Franklin Street Properties's dividend payout ratio (DPR) is -10.26%.

Franklin Street Properties 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.