Peapod Lane Capital LLC Makes New Investment in Franklin Street Properties Corp. (NYSE:FSP)

Peapod Lane Capital LLC acquired a new position in shares of Franklin Street Properties Corp. (NYSE:FSP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,617,660 shares of the company’s stock, valued at approximately $4,790,000. Franklin Street Properties makes up 4.7% of Peapod Lane Capital LLC’s investment portfolio, making the stock its largest holding. Peapod Lane Capital LLC owned 2.53% of Franklin Street Properties at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FSP. The Manufacturers Life Insurance Company acquired a new stake in shares of Franklin Street Properties during the 2nd quarter worth about $66,000. SG Americas Securities LLC raised its holdings 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 valued at $58,000 after acquiring an additional 15,750 shares during the period. Bfsg LLC lifted its position in Franklin Street Properties by 11.1% during the third quarter. Bfsg LLC now owns 70,430 shares of the company’s stock worth $125,000 after acquiring an additional 7,020 shares during the last quarter. Private Management Group Inc. lifted its position in Franklin Street Properties by 7.9% during the third quarter. Private Management Group Inc. now owns 9,222,820 shares of the company’s stock worth $16,324,000 after acquiring an additional 673,231 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Franklin Street Properties by 33.4% during the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after acquiring an additional 5,433 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analyst Weigh In

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

Franklin Street Properties Stock Up 6.0 %

FSP opened at $1.94 on Thursday. The stock has a fifty day moving average of $1.85 and a 200-day moving average of $1.78. The company has a market capitalization of $200.93 million, a P/E ratio of 10.11 and a beta of 0.82. Franklin Street Properties Corp. has a fifty-two week low of $1.47 and a fifty-two week high of $2.47. 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 issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.08) earnings per share 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 quarter last year, the firm posted $0.03 earnings per share. On average, equities analysts expect that Franklin Street Properties Corp. will post 0.14 EPS for the current year.

Franklin Street Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Friday, January 24th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, January 24th. Franklin Street Properties’s dividend payout ratio is currently -10.26%.

Insiders Place Their Bets

In other news, insider Jeffrey B. Carter purchased 18,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $2.12 per share, with a total value of $39,220.00. Following the acquisition, the insider now owns 18,500 shares in the company, valued at approximately $39,220. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bruce J. Schanzer purchased 43,311 shares of Franklin Street Properties stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $1.89 per share, for a total transaction of $81,857.79. Following the transaction, the director now directly owns 3,489,374 shares in the company, valued at $6,594,916.86. This represents a 1.26 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 172,400 shares of company stock worth $327,879 in the last 90 days. Company insiders own 6.20% of the company’s stock.

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.