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

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

Franklin Street Properties Stock Performance

Shares of FSP traded down $0.01 during trading hours on Tuesday, hitting $1.83. The stock had a trading volume of 261,104 shares, compared to its average volume of 226,737. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. Franklin Street Properties has a 12 month low of $1.47 and a 12 month high of $2.47. The firm has a market capitalization of $189.53 million, a PE ratio of -4.69 and a beta of 0.82. The stock has a fifty day moving average price of $1.85 and a 200 day moving average price of $1.78.

Franklin Street Properties Dividend Announcement

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

Insider Buying and Selling

In related news, insider Jeffrey B. Carter purchased 18,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $2.12 per share, with a total value of $39,220.00. Following the completion of the acquisition, the insider now owns 18,500 shares of the company’s stock, valued at approximately $39,220. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bruce J. Schanzer purchased 110,589 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $1.87 per share, with a total value of $206,801.43. Following the acquisition, the director now directly owns 3,405,463 shares of the company’s stock, valued at $6,368,215.81. This trade represents a 3.36 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 172,400 shares of company stock valued at $327,879 over the last 90 days. Company insiders own 6.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Franklin Street Properties from a “hold” rating to a “sell” rating in a research report 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.