Franklin Street Properties Corp. (NYSE:FSP) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC cut its position in Franklin Street Properties Corp. (NYSE:FSP) by 30.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 920,983 shares of the company’s stock after selling 403,914 shares during the period. Acuitas Investments LLC’s holdings in Franklin Street Properties were worth $2,579,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Franklin Street Properties in the fourth quarter worth approximately $31,000. SVB Wealth LLC acquired a new position in Franklin Street Properties during the fourth quarter worth $38,000. Stokes Family Office LLC acquired a new position in Franklin Street Properties during the third quarter worth $29,000. Vert Asset Management LLC acquired a new position in Franklin Street Properties during the third quarter worth $34,000. Finally, EMC Capital Management boosted its stake in Franklin Street Properties by 92.5% during the third quarter. EMC Capital Management now owns 30,327 shares of the company’s stock worth $56,000 after buying an additional 14,570 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th.

Franklin Street Properties Trading Down 1.4 %

Shares of Franklin Street Properties stock traded down $0.03 during trading hours on Wednesday, hitting $2.04. The company’s stock had a trading volume of 217,606 shares, compared to its average volume of 525,360. Franklin Street Properties Corp. has a twelve month low of $1.13 and a twelve month high of $2.72. The firm has a fifty day moving average of $2.20 and a 200-day moving average of $2.27. The stock has a market cap of $211.00 million, a price-to-earnings ratio of -4.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 1.26.

Franklin Street Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Friday, April 19th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, April 18th. Franklin Street Properties’s dividend payout ratio (DPR) is presently -8.51%.

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.