Franklin Street Properties Corp. (NYSEAMERICAN:FSP – Get Rating) Director Brian N. Hansen purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average price of $1.48 per share, for a total transaction of $148,000.00. Following the transaction, the director now directly owns 918,066 shares in the company, valued at approximately $1,358,737.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Franklin Street Properties Trading Down 1.2 %
Shares of FSP stock opened at $1.60 on Friday. The company has a market cap of $165.18 million, a price-to-earnings ratio of 160.16 and a beta of 0.85. The company’s fifty day simple moving average is $2.30. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.47. Franklin Street Properties Corp. has a 12 month low of $1.13 and a 12 month high of $4.58.
Franklin Street Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 11th. Shareholders of record on Friday, April 21st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, April 20th. This represents a $0.04 dividend on an annualized basis and a yield of 2.50%. Franklin Street Properties’s dividend payout ratio (DPR) is presently 400.40%.
Institutional Trading of Franklin Street Properties
Analyst Upgrades and Downgrades
FSP has been the topic of a number of research reports. B. Riley dropped their target price on shares of Franklin Street Properties from $3.50 to $2.50 in a research report on Tuesday, May 16th. TheStreet downgraded shares of Franklin Street Properties from a “c-” rating to a “d” rating in a research report on Wednesday, February 15th. Finally, StockNews.com downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.
About Franklin Street Properties
Franklin Street Properties Corp. is an investment company, which engages in the operation of real estate. It operates through the Real Estate Operations segment. The Real Estate Operation segment is involved in real estate rental operations, leasing, secured financing of real estate, and services provided for asset management, property management, property acquisitions, dispositions and development.
- Get a free copy of the StockNews.com research report on Franklin Street Properties (FSP)
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