Franklin Street Properties (NYSE:FSP) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Franklin Street Properties (NYSE:FSP) from a hold rating to a sell rating in a report issued on Saturday.

Franklin Street Properties Stock Performance

Franklin Street Properties stock opened at $1.94 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $200.65 million, a PE ratio of -4.13 and a beta of 0.82. The firm has a fifty day simple moving average of $2.25 and a two-hundred day simple moving average of $2.26. Franklin Street Properties has a twelve month low of $1.13 and a twelve month high of $2.72.

Franklin Street Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 19th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, April 18th. Franklin Street Properties’s payout ratio is -8.51%.

Hedge Funds Weigh In On Franklin Street Properties

A number of hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can increased its position in shares of Franklin Street Properties by 1.7% in the first quarter. Great West Life Assurance Co. Can now owns 165,107 shares of the company’s stock valued at $1,002,000 after acquiring an additional 2,802 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Franklin Street Properties by 4.1% during the third quarter. Thrivent Financial for Lutherans now owns 94,978 shares of the company’s stock valued at $250,000 after buying an additional 3,770 shares during the period. Prudential Financial Inc. increased its position in shares of Franklin Street Properties by 0.5% during the first quarter. Prudential Financial Inc. now owns 1,061,356 shares of the company’s stock valued at $6,262,000 after buying an additional 5,300 shares during the period. State of Tennessee Treasury Department increased its position in shares of Franklin Street Properties by 8.7% during the fourth quarter. State of Tennessee Treasury Department now owns 73,844 shares of the company’s stock valued at $202,000 after buying an additional 5,899 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Franklin Street Properties by 10.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 63,278 shares of the company’s stock valued at $167,000 after buying an additional 5,942 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Company 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.