Private Management Group Inc. Purchases 1,970,790 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Private Management Group Inc. boosted its position in Franklin Street Properties Corp. (NYSE:FSP) by 30.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,549,589 shares of the company’s stock after purchasing an additional 1,970,790 shares during the period. Private Management Group Inc. owned about 0.08% of Franklin Street Properties worth $13,081,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in shares of Franklin Street Properties by 25.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,225,376 shares of the company’s stock worth $5,050,000 after purchasing an additional 458,235 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Franklin Street Properties during the 1st quarter worth $2,796,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Franklin Street Properties by 85.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,542 shares of the company’s stock worth $170,000 after acquiring an additional 30,746 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Franklin Street Properties by 38.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 221,282 shares of the company’s stock valued at $502,000 after acquiring an additional 61,038 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Franklin Street Properties by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 8,236,758 shares of the company’s stock worth $18,697,000 after purchasing an additional 25,568 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors.

Franklin Street Properties Price Performance

Shares of Franklin Street Properties stock opened at $1.64 on Monday. The stock has a market cap of $169.85 million, a P/E ratio of 7.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.79 and a current ratio of 2.79. The stock’s fifty day moving average is $1.64 and its 200 day moving average is $1.87. Franklin Street Properties Corp. has a one year low of $1.47 and a one year high of $2.72.

Franklin Street Properties (NYSE:FSP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. The company had revenue of $30.83 million during the quarter. Sell-side analysts anticipate that Franklin Street Properties Corp. will post 0.13 earnings per share for the current year.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Friday, July 19th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, July 19th. Franklin Street Properties’s payout ratio is currently -7.14%.

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.