Franklin Street Properties (NYSE:FSP) Downgraded by StockNews.com to Sell

Franklin Street Properties (NYSE:FSP) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Franklin Street Properties Price Performance

Shares of NYSE:FSP remained flat at $2.20 during trading on Tuesday. 541,660 shares of the stock traded hands, compared to its average volume of 572,098. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $227.03 million, a P/E ratio of -4.67 and a beta of 0.82. The business’s 50-day simple moving average is $2.34 and its two-hundred day simple moving average is $2.23. Franklin Street Properties has a 52-week low of $1.13 and a 52-week high of $2.72.

Institutional Investors Weigh In On Franklin Street Properties

Institutional investors have recently added to or reduced their stakes in the stock. Madison Avenue Partners LP boosted its stake in Franklin Street Properties by 246.0% during the 4th quarter. Madison Avenue Partners LP now owns 5,044,026 shares of the company’s stock worth $13,770,000 after purchasing an additional 3,586,047 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Franklin Street Properties during the 1st quarter worth $4,803,000. Morgan Stanley boosted its stake in Franklin Street Properties by 86.3% during the 4th quarter. Morgan Stanley now owns 2,843,367 shares of the company’s stock worth $7,762,000 after purchasing an additional 1,316,732 shares during the last quarter. Bank of America Corp DE boosted its stake in Franklin Street Properties by 178.5% during the 4th quarter. Bank of America Corp DE now owns 2,013,898 shares of the company’s stock worth $5,498,000 after purchasing an additional 1,290,815 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Franklin Street Properties by 307.8% during the 1st quarter. AQR Capital Management LLC now owns 1,409,848 shares of the company’s stock worth $2,213,000 after purchasing an additional 1,064,139 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

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.