GSA Capital Partners LLP Has $643,000 Stake in Franklin Street Properties Corp. (NYSE:FSP)

GSA Capital Partners LLP trimmed its stake in Franklin Street Properties Corp. (NYSE:FSP) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,001 shares of the company’s stock after selling 5,941 shares during the period. GSA Capital Partners LLP’s holdings in Franklin Street Properties were worth $643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSP. Point72 DIFC Ltd acquired a new stake in Franklin Street Properties in the 2nd quarter worth $34,000. SG Americas Securities LLC grew its position in Franklin Street Properties by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock worth $58,000 after purchasing an additional 15,750 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Franklin Street Properties in the 2nd quarter worth $66,000. Algert Global LLC grew its position in Franklin Street Properties by 123.1% in the 2nd quarter. Algert Global LLC now owns 60,225 shares of the company’s stock worth $92,000 after purchasing an additional 33,233 shares during the last quarter. Finally, Bfsg LLC lifted its holdings in shares of Franklin Street Properties by 16.2% during the 2nd quarter. Bfsg LLC now owns 63,410 shares of the company’s stock worth $97,000 after acquiring an additional 8,860 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Franklin Street Properties Price Performance

NYSE:FSP opened at $1.84 on Tuesday. The company has a 50-day moving average of $1.75 and a 200-day moving average of $1.73. The company has a market capitalization of $190.05 million, a price-to-earnings ratio of -4.68 and a beta of 0.81. Franklin Street Properties Corp. has a 52 week low of $1.47 and a 52 week high of $2.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28.

Franklin Street Properties (NYSE:FSP) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The business 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 period last year, the firm earned ($0.44) earnings per share. As a group, equities research analysts anticipate that Franklin Street Properties Corp. will post 0.13 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, October 18th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, October 18th. This represents a $0.04 annualized dividend and a yield of 2.18%. Franklin Street Properties’s dividend payout ratio 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.