Franklin Street Properties (NYSE:FSP) Posts Earnings Results

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

Franklin Street Properties Stock Performance

Shares of FSP stock traded down $0.01 on Tuesday, hitting $1.83. 261,104 shares of the stock were exchanged, compared to its average volume of 226,737. Franklin Street Properties has a one year low of $1.47 and a one year high of $2.47. The firm’s 50 day moving average is $1.85 and its two-hundred day moving average is $1.78. The firm has a market capitalization of $189.53 million, a PE ratio of -4.69 and a beta of 0.82. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41.

Franklin Street Properties Announces Dividend

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

Insider Buying and Selling at Franklin Street Properties

In other Franklin Street Properties news, Director Bruce J. Schanzer purchased 110,589 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $1.87 per share, for a total transaction of $206,801.43. Following the purchase, the director now owns 3,405,463 shares of the company’s stock, valued at $6,368,215.81. This represents a 3.36 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey B. Carter purchased 18,500 shares of the company’s stock in a transaction that occurred 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 purchase, the insider now directly owns 18,500 shares in the company, valued at $39,220. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 172,400 shares of company stock valued at $327,879 over the last three months. 6.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.