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

Franklin Street Properties (NYSE:FSP) announced its earnings results on Tuesday. The company reported ($0.08) EPS 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%. During the same period in the prior year, the firm posted $0.03 EPS.

Franklin Street Properties Trading Down 0.5 %

NYSE:FSP opened at $1.83 on Wednesday. Franklin Street Properties has a 1-year low of $1.47 and a 1-year high of $2.47. The business’s 50-day moving average price is $1.85 and its two-hundred day moving average price is $1.78. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $189.53 million, a price-to-earnings ratio of 10.11 and a beta of 0.82.

Franklin Street Properties Announces Dividend

The business 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. This represents a $0.04 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, January 24th. Franklin Street Properties’s payout ratio is -10.26%.

Insider Buying and Selling at Franklin Street Properties

In other Franklin Street Properties news, Director Bruce J. Schanzer purchased 43,311 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $1.89 per share, with a total value of $81,857.79. Following the completion of the transaction, the director now directly owns 3,489,374 shares in the company, valued at $6,594,916.86. This trade represents a 1.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey B. Carter purchased 18,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $2.12 per share, for a total transaction of $39,220.00. Following the transaction, the insider now owns 18,500 shares of the company’s stock, valued at $39,220. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 172,400 shares of company stock valued at $327,879. 6.20% of the stock is currently owned by company insiders.

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.

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.