SG Americas Securities LLC Sells 41,969 Shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP)

SG Americas Securities LLC trimmed its position in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSPGet Rating) by 27.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,202 shares of the real estate investment trust’s stock after selling 41,969 shares during the period. SG Americas Securities LLC owned about 0.11% of Franklin Street Properties worth $668,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Franklin Street Properties in the 1st quarter worth $39,000. Key Client Fiduciary Advisors LLC bought a new position in shares of Franklin Street Properties in the 1st quarter worth approximately $77,000. Journey Strategic Wealth LLC bought a new position in shares of Franklin Street Properties in the 4th quarter worth approximately $80,000. CIBC Asset Management Inc bought a new position in Franklin Street Properties in the fourth quarter worth $86,000. Finally, Vert Asset Management LLC bought a new stake in shares of Franklin Street Properties during the 4th quarter valued at $89,000. 81.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Brian N. Hansen acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was purchased at an average cost of $3.96 per share, with a total value of $198,000.00. Following the completion of the acquisition, the director now directly owns 225,000 shares of the company’s stock, valued at $891,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Brian N. Hansen bought 42,500 shares of the stock in a transaction on Thursday, June 16th. The shares were bought at an average price of $3.93 per share, with a total value of $167,025.00. Following the completion of the acquisition, the director now owns 275,000 shares in the company, valued at $1,080,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian N. Hansen bought 50,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was purchased at an average cost of $3.96 per share, for a total transaction of $198,000.00. Following the completion of the transaction, the director now directly owns 225,000 shares of the company’s stock, valued at approximately $891,000. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 102,900 shares of company stock worth $414,841. 4.35% of the stock is owned by corporate insiders.

Franklin Street Properties Stock Down 1.3 %

FSP stock opened at $3.73 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.46 and a quick ratio of 1.46. Franklin Street Properties Corp. has a twelve month low of $3.54 and a twelve month high of $6.58. The company has a market cap of $384.76 million, a P/E ratio of 7.77 and a beta of 0.87.

Franklin Street Properties (NYSEAMERICAN:FSPGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Franklin Street Properties had a net margin of 22.85% and a return on equity of 6.78%. As a group, sell-side analysts expect that Franklin Street Properties Corp. will post 0.56 EPS for the current fiscal year.

Franklin Street Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Tuesday, July 19th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, July 18th. Franklin Street Properties’s payout ratio is currently 8.33%.

Analysts Set New Price Targets

Separately, B. Riley lowered their price target on shares of Franklin Street Properties from $6.50 to $6.00 in a research report on Thursday, May 5th.

Franklin Street Properties Profile

(Get Rating)

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.

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

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