38,850 Shares in Franklin Street Properties Corp. (NYSE:FSP) Purchased by Private Advisor Group LLC

Private Advisor Group LLC bought a new stake in Franklin Street Properties Corp. (NYSE:FSPFree Report) in the third quarter, Holdings Channel reports. The fund bought 38,850 shares of the company’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSP. Quadrature Capital Ltd bought a new position in Franklin Street Properties in the 3rd quarter valued at about $29,000. Vanguard Personalized Indexing Management LLC grew its position in Franklin Street Properties by 69.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,941 shares of the company’s stock valued at $30,000 after buying an additional 8,591 shares in the last quarter. Vert Asset Management LLC bought a new position in Franklin Street Properties in the 3rd quarter valued at about $34,000. Alpine Global Management LLC bought a new position in Franklin Street Properties in the 4th quarter valued at about $34,000. Finally, Captrust Financial Advisors bought a new position in Franklin Street Properties in the 2nd quarter valued at about $38,000. Institutional investors own 76.18% of the company’s stock.

Franklin Street Properties Stock Performance

Shares of FSP opened at $2.32 on Friday. Franklin Street Properties Corp. has a one year low of $1.13 and a one year high of $3.09. The company has a 50-day moving average of $2.52 and a two-hundred day moving average of $2.12. The stock has a market cap of $239.96 million, a price-to-earnings ratio of -4.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.49 and a quick ratio of 0.49.

Franklin Street Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 26th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, January 25th. Franklin Street Properties’s payout ratio is -7.55%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th.

Get Our Latest Research Report on FSP

Insiders Place Their Bets

In other news, Director Brian N. Hansen bought 40,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $2.09 per share, for a total transaction of $83,600.00. Following the completion of the acquisition, the director now directly owns 1,141,656 shares in the company, valued at approximately $2,386,061.04. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.28% of the company’s stock.

About Franklin Street Properties

(Free Report)

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 (NYSE:FSP)

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