Franklin Street Properties Corp. (FSP) Stake Lessened by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 52.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,141 shares of the real estate investment trust’s stock after selling 75,153 shares during the period. GSA Capital Partners LLP owned about 0.06% of Franklin Street Properties worth $734,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FSP. Russell Investments Group Ltd. raised its holdings in Franklin Street Properties by 5.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 155,197 shares of the real estate investment trust’s stock worth $1,720,000 after purchasing an additional 7,982 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Franklin Street Properties by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 25,320 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 820 shares in the last quarter. Sei Investments Co. raised its holdings in Franklin Street Properties by 2,435.8% in the 2nd quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 10,693 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Franklin Street Properties by 8.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,219,061 shares of the real estate investment trust’s stock worth $13,508,000 after acquiring an additional 99,768 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Franklin Street Properties by 164.8% in the 2nd quarter. First Trust Advisors LP now owns 125,192 shares of the real estate investment trust’s stock worth $1,387,000 after acquiring an additional 77,915 shares in the last quarter.

Shares of Franklin Street Properties Corp. (FSP) opened at $10.41 on Friday. Franklin Street Properties Corp. has a 1 year low of $9.59 and a 1 year high of $13.25. The stock has a market cap of $1,120.00, a P/E ratio of -115.67 and a beta of 0.78.

Franklin Street Properties (NYSEAMERICAN:FSP) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Franklin Street Properties had a net margin of 2.77% and a return on equity of 0.85%. The company had revenue of $67.30 million for the quarter, compared to analysts’ expectations of $66.31 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Franklin Street Properties’s quarterly revenue was up 8.7% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Friday, January 19th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 7.30%. The ex-dividend date is Thursday, January 18th. Franklin Street Properties’s payout ratio is -844.44%.

Several brokerages recently issued reports on FSP. Zacks Investment Research upgraded shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Franklin Street Properties in a research note on Thursday, November 2nd. Stifel Nicolaus restated a “hold” rating and set a $10.00 price objective on shares of Franklin Street Properties in a research note on Thursday, September 21st. Finally, BidaskClub raised shares of Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.75.

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Franklin Street Properties Company Profile

Franklin Street Properties Corp. is a real estate investment trust (REIT). The Company is focused on commercial real estate investments primarily in office markets. The Company operates through the real estate operations segment. The Company’s investment objectives are to create shareholder value by increasing revenue from rental, dividend, interest and fee income and net gains from sales of properties, and increase the cash available for distribution in the form of dividends to its stockholders.

Institutional Ownership by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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