Peapod Lane Capital LLC Makes New $4.79 Million Investment in Franklin Street Properties Corp. (NYSE:FSP)

Peapod Lane Capital LLC bought a new stake in Franklin Street Properties Corp. (NYSE:FSP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,617,660 shares of the company’s stock, valued at approximately $4,790,000. Franklin Street Properties comprises approximately 4.7% of Peapod Lane Capital LLC’s investment portfolio, making the stock its biggest position.

A number of other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Franklin Street Properties by 33.4% in the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock valued at $38,000 after buying an additional 5,433 shares during the period. XTX Topco Ltd acquired a new stake in Franklin Street Properties during the 3rd quarter valued at approximately $39,000. Virtu Financial LLC bought a new position in Franklin Street Properties during the 3rd quarter worth approximately $43,000. EMC Capital Management raised its holdings in Franklin Street Properties by 120.4% during the 4th quarter. EMC Capital Management now owns 30,425 shares of the company’s stock worth $56,000 after purchasing an additional 16,621 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 15,750 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other Franklin Street Properties news, 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 cost of $2.12 per share, for a total transaction of $39,220.00. Following the completion of the acquisition, the insider now owns 18,500 shares of the company’s stock, valued at $39,220. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce J. Schanzer bought 110,589 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $1.87 per share, for a total transaction of $206,801.43. Following the completion of the purchase, the director now owns 3,405,463 shares of the company’s stock, valued at approximately $6,368,215.81. The trade was a 3.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 172,400 shares of company stock worth $327,879. Company insiders own 6.20% of the company’s stock.

Franklin Street Properties Stock Up 6.0 %

Shares of NYSE:FSP opened at $1.94 on Thursday. Franklin Street Properties Corp. has a 1 year low of $1.47 and a 1 year high of $2.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The business’s 50-day moving average is $1.85 and its 200-day moving average is $1.78. The company has a market capitalization of $200.93 million, a price-to-earnings ratio of 10.11 and a beta of 0.82.

Franklin Street Properties (NYSE:FSP) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.08) earnings per share (EPS) for the quarter. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. During the same period last year, the business earned $0.03 earnings per share. Equities research analysts predict that Franklin Street Properties Corp. will post 0.14 earnings per share for the current year.

Franklin Street Properties Announces Dividend

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

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.