Franklin Street Properties (NYSE:FSP) Issues Quarterly Earnings Results

Franklin Street Properties (NYSE:FSP) announced its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share for the quarter, RTT News reports. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%.

Franklin Street Properties Trading Down 0.5 %

Shares of NYSE FSP traded down $0.01 during trading on Tuesday, reaching $1.83. The company had a trading volume of 261,104 shares, compared to its average volume of 226,737. The company’s fifty day moving average price is $1.85 and its 200-day moving average price is $1.78. Franklin Street Properties has a 12 month low of $1.47 and a 12 month high of $2.47. The stock has a market cap of $189.53 million, a P/E ratio of -4.69 and a beta of 0.82. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41.

Franklin Street Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Friday, January 24th will be given a $0.01 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.19%. Franklin Street Properties’s dividend payout ratio (DPR) is presently -10.26%.

Analyst Ratings Changes

Separately, StockNews.com cut Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

Insider Activity at Franklin Street Properties

In other news, insider Jeffrey B. Carter purchased 18,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $2.12 per share, for a total transaction of $39,220.00. Following the completion of the acquisition, the insider now owns 18,500 shares in the company, valued at approximately $39,220. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce J. Schanzer acquired 110,589 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $1.87 per share, with a total value of $206,801.43. Following the acquisition, the director now owns 3,405,463 shares of the company’s stock, valued at approximately $6,368,215.81. This represents a 3.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 172,400 shares of company stock worth $327,879 in the last 90 days. Corporate insiders own 6.20% of the company’s stock.

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.