Private Management Group Inc. Boosts Stock Holdings in Franklin Street Properties Corp. (NYSE:FSP)

Private Management Group Inc. grew its position in shares of Franklin Street Properties Corp. (NYSE:FSP) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,955,114 shares of the company’s stock after purchasing an additional 78,054 shares during the quarter. Private Management Group Inc. owned approximately 0.06% of Franklin Street Properties worth $15,245,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in Franklin Street Properties by 19.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,480 shares of the company’s stock valued at $69,000 after acquiring an additional 6,040 shares during the period. GAMMA Investing LLC acquired a new stake in Franklin Street Properties in the 4th quarter valued at $31,000. EMC Capital Management grew its stake in Franklin Street Properties by 92.5% in the 3rd quarter. EMC Capital Management now owns 30,327 shares of the company’s stock valued at $56,000 after acquiring an additional 14,570 shares during the period. SVB Wealth LLC acquired a new stake in Franklin Street Properties in the 4th quarter valued at $38,000. Finally, Stokes Family Office LLC acquired a new stake in Franklin Street Properties in the 3rd quarter valued at $29,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

Franklin Street Properties Price Performance

FSP traded up $0.20 on Tuesday, hitting $2.07. 520,757 shares of the company’s stock were exchanged, compared to its average volume of 529,306. Franklin Street Properties Corp. has a fifty-two week low of $1.13 and a fifty-two week high of $2.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $2.20 and a 200-day moving average price of $2.27. The stock has a market cap of $214.10 million, a price-to-earnings ratio of -4.40 and a beta of 0.82.

Franklin Street Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.04 annualized dividend and a yield of 1.93%. Franklin Street Properties’s dividend payout ratio (DPR) is presently -8.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th.

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.