Nisa Investment Advisors LLC cut its holdings in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP – Get Rating) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,244 shares of the real estate investment trust's stock after selling 8,706 shares during the period. Nisa Investment Advisors LLC's holdings in Franklin Street Properties were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSP. New York State Teachers Retirement System increased its position in shares of Franklin Street Properties by 4.7% in the first quarter. New York State Teachers Retirement System now owns 121,152 shares of the real estate investment trust's stock valued at $715,000 after acquiring an additional 5,400 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Franklin Street Properties by 60.2% in the fourth quarter. ProShare Advisors LLC now owns 25,175 shares of the real estate investment trust's stock valued at $150,000 after acquiring an additional 9,459 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at about $967,000. Confluence Investment Management LLC increased its position in shares of Franklin Street Properties by 30.3% in the first quarter. Confluence Investment Management LLC now owns 215,000 shares of the real estate investment trust's stock valued at $1,268,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Franklin Street Properties by 0.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 7,209,143 shares of the real estate investment trust's stock valued at $42,894,000 after acquiring an additional 28,941 shares during the last quarter. 81.65% of the stock is currently owned by institutional investors.
Get Franklin Street Properties alerts:Analyst Ratings Changes
Separately, B. Riley lowered their price target on Franklin Street Properties from $6.50 to $6.00 in a research report on Thursday, May 5th.
Franklin Street Properties Price Performance
Shares of NYSEAMERICAN FSP opened at $3.72 on Tuesday. The company has a market cap of $383.73 million, a price-to-earnings ratio of 7.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.46 and a current ratio of 1.46. Franklin Street Properties Corp. has a twelve month low of $3.54 and a twelve month high of $6.58.
Franklin Street Properties (NYSEAMERICAN:FSP – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. Franklin Street Properties had a return on equity of 6.78% and a net margin of 22.85%. As a group, equities research analysts expect that Franklin Street Properties Corp. will post 0.56 EPS for the current fiscal year.
Franklin Street Properties Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Investors of record on Tuesday, July 19th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, July 18th. Franklin Street Properties's dividend payout ratio (DPR) is currently 75.00%.
Insider Activity at Franklin Street Properties
In other Franklin Street Properties news, Director Brian N. Hansen bought 50,000 shares of the business's stock in a transaction on Tuesday, June 14th. The stock was purchased at an average cost of $3.96 per share, for a total transaction of $198,000.00. Following the completion of the purchase, the director now directly owns 225,000 shares of the company's stock, valued at $891,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Brian N. Hansen purchased 42,500 shares of the stock in a transaction dated Thursday, June 16th. The stock was bought at an average cost of $3.93 per share, for a total transaction of $167,025.00. Following the completion of the acquisition, the director now owns 275,000 shares of the company's stock, valued at $1,080,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brian N. Hansen purchased 50,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were bought at an average price of $3.96 per share, with a total value of $198,000.00. Following the completion of the acquisition, the director now directly owns 225,000 shares of the company's stock, valued at approximately $891,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 102,900 shares of company stock worth $414,841. Company insiders own 4.35% of the company's stock.
About Franklin Street Properties
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Franklin Street Properties (FSP)
- Palantir Stock is Showing Signs of Life
- Taking a Look at Nvidia's Stock Amidst The Semiconductor Chip Gut
- The Institutions Like The Color Of PPG Industries
- What Investors Need to Know to Beat the Market
- Alcoa Is Well-Positioned For 2022 and 2023
Want to see what other hedge funds are holding FSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Street Properties Corp. (NYSEAMERICAN:FSP – Get Rating).
Receive News & Ratings for Franklin Street Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties and related companies with MarketBeat.com's FREE daily email newsletter.
