Franklin Street Properties Corp. (NYSEAMERICAN:FSP) Short Interest Up 57.9% in December

Franklin Street Properties Corp. (NYSEAMERICAN:FSPGet Rating) was the recipient of a significant growth in short interest in December. As of December 30th, there was short interest totalling 2,210,000 shares, a growth of 57.9% from the December 15th total of 1,400,000 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 962,000 shares, the days-to-cover ratio is presently 2.3 days.

Insiders Place Their Bets

In other news, Director Brian N. Hansen purchased 50,125 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were acquired at an average price of $2.74 per share, for a total transaction of $137,342.50. Following the completion of the acquisition, the director now directly owns 515,125 shares in the company, valued at $1,411,442.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.66% of the company’s stock.

Hedge Funds Weigh In On Franklin Street Properties

A number of institutional investors and hedge funds have recently bought and sold shares of FSP. Private Management Group Inc. raised its stake in shares of Franklin Street Properties by 39.6% in the third quarter. Private Management Group Inc. now owns 3,547,128 shares of the real estate investment trust’s stock worth $9,329,000 after purchasing an additional 1,006,495 shares during the last quarter. State Street Corp lifted its stake in Franklin Street Properties by 12.1% during the first quarter. State Street Corp now owns 5,238,359 shares of the real estate investment trust’s stock worth $30,906,000 after purchasing an additional 567,314 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Franklin Street Properties by 176.4% during the second quarter. Goldman Sachs Group Inc. now owns 758,672 shares of the real estate investment trust’s stock worth $3,163,000 after purchasing an additional 484,177 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Franklin Street Properties by 946.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 356,971 shares of the real estate investment trust’s stock worth $2,106,000 after buying an additional 322,856 shares during the period. Finally, Brandywine Global Investment Management LLC increased its holdings in shares of Franklin Street Properties by 16.9% in the third quarter. Brandywine Global Investment Management LLC now owns 1,861,153 shares of the real estate investment trust’s stock worth $4,895,000 after buying an additional 268,752 shares during the period. Institutional investors and hedge funds own 83.37% of the company’s stock.

Franklin Street Properties Stock Down 1.0 %

NYSEAMERICAN:FSP opened at $2.94 on Friday. The firm has a market cap of $303.51 million, a price-to-earnings ratio of 3.72 and a beta of 0.85. Franklin Street Properties has a twelve month low of $2.34 and a twelve month high of $6.14. The business’s 50 day moving average is $3.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.70 and a quick ratio of 0.70.

Franklin Street Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Friday, January 27th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, January 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.36%. Franklin Street Properties’s dividend payout ratio (DPR) is currently 5.06%.

Franklin Street Properties Company 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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