Q3 2022 EPS Estimates for Franklin Street Properties Corp. Reduced by Analyst (NYSEAMERICAN:FSP)

Defense World · Aug 8, 2022 14:21

Franklin Street Properties Corp. (NYSEAMERICAN:FSP – Get Rating) – Stock analysts at B. Riley cut their Q3 2022 earnings per share estimates for Franklin Street Properties in a report released on Thursday, August 4th. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.10. The consensus estimate for Franklin Street Properties' current full-year earnings is $0.56 per share. B. Riley also issued estimates for Franklin Street Properties' FY2022 earnings at $0.36 EPS, Q1 2023 earnings at $0.09 EPS, Q2 2023 earnings at $0.08 EPS, Q3 2023 earnings at $0.09 EPS, Q4 2023 earnings at $0.07 EPS and FY2023 earnings at $0.32 EPS.

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Franklin Street Properties Trading Down 2.0 %

NYSEAMERICAN:FSP opened at $3.35 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.89. Franklin Street Properties has a 12-month low of $3.30 and a 12-month high of $6.58. The firm has a market capitalization of $345.84 million, a P/E ratio of 6.98 and a beta of 0.87.

Franklin Street Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Investors of record on Tuesday, July 19th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, July 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.19%. Franklin Street Properties's payout ratio is currently 8.33%.

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 dated Tuesday, June 14th. The shares were acquired at an average price of $3.96 per share, with a total value of $198,000.00. Following the transaction, the director now 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 accessible through this link. In other news, Director Brian N. Hansen bought 42,500 shares of the business's stock in a transaction dated Thursday, June 16th. The shares were acquired at an average price of $3.93 per share, for a total transaction of $167,025.00. Following the completion of the transaction, the director now owns 275,000 shares of the company's stock, valued at $1,080,750. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian N. Hansen bought 50,000 shares of Franklin Street Properties stock in a transaction dated Tuesday, June 14th. The stock was purchased at an average cost 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 in the company, valued at approximately $891,000. The disclosure for this purchase can be found here. 4.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Franklin Street Properties

Large investors have recently bought and sold shares of the business. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Franklin Street Properties in the first quarter valued at approximately $39,000. Federated Hermes Inc. purchased a new position in Franklin Street Properties during the 1st quarter worth $55,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Franklin Street Properties during the 2nd quarter worth $63,000. SVB Wealth LLC acquired a new stake in shares of Franklin Street Properties in the 1st quarter worth $69,000. Finally, Key Client Fiduciary Advisors LLC purchased a new stake in shares of Franklin Street Properties in the first quarter valued at about $77,000. Institutional investors and hedge funds own 81.65% of the company's stock.

Franklin Street Properties Company Profile

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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.