Ritholtz Wealth Management Buys Shares of 31,519 Franklin Street Properties Corp. (NYSE:FSP)

Ritholtz Wealth Management bought a new stake in Franklin Street Properties Corp. (NYSE:FSPFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,519 shares of the company’s stock, valued at approximately $81,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in shares of Franklin Street Properties during the second quarter valued at about $38,000. Federated Hermes Inc. acquired a new stake in shares of Franklin Street Properties during the first quarter valued at about $55,000. Quadrature Capital Ltd acquired a new stake in shares of Franklin Street Properties during the third quarter valued at about $29,000. SVB Wealth LLC acquired a new stake in shares of Franklin Street Properties during the first quarter valued at about $69,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Franklin Street Properties during the fourth quarter valued at about $34,000. Institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Stock Performance

Shares of FSP stock opened at $2.15 on Thursday. The business’s 50-day moving average price is $2.31 and its 200-day moving average price is $2.24. 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 market capitalization of $221.86 million, a price-to-earnings ratio of -4.56 and a beta of 0.82. Franklin Street Properties Corp. has a 12 month low of $1.13 and a 12 month high of $2.72.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 26th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, January 25th. Franklin Street Properties’s dividend payout ratio is currently -8.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th.

Read Our Latest Stock Analysis on FSP

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.

Further Reading

Institutional Ownership by Quarter for Franklin Street Properties (NYSE:FSP)

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