Franklin Street Properties (NYSE:FSP) Downgraded by StockNews.com to Sell

Franklin Street Properties (NYSE:FSP) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Franklin Street Properties Stock Performance

FSP stock remained flat at $2.20 during midday trading on Tuesday. The company’s stock had a trading volume of 541,660 shares, compared to its average volume of 572,098. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Franklin Street Properties has a 52 week low of $1.13 and a 52 week high of $2.72. The business has a 50-day moving average of $2.34 and a 200 day moving average of $2.23. The firm has a market capitalization of $227.03 million, a PE ratio of -4.67 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in shares of Franklin Street Properties by 19.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,480 shares of the company’s stock worth $69,000 after acquiring an additional 6,040 shares in the last quarter. Acadian Asset Management LLC boosted its position in Franklin Street Properties by 6.9% during the 3rd quarter. Acadian Asset Management LLC now owns 1,476,621 shares of the company’s stock valued at $2,730,000 after purchasing an additional 94,760 shares during the period. RBF Capital LLC acquired a new position in Franklin Street Properties during the 2nd quarter valued at approximately $1,470,000. Citigroup Inc. boosted its position in Franklin Street Properties by 26,035.6% during the 3rd quarter. Citigroup Inc. now owns 352,830 shares of the company’s stock valued at $653,000 after purchasing an additional 351,480 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Franklin Street Properties by 104.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 42,761 shares of the company’s stock valued at $79,000 after purchasing an additional 21,820 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

About Franklin Street Properties

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.