Intech Investment Management LLC Increases Holdings in Franklin Street Properties Corp. (NYSE:FSP)

Intech Investment Management LLC increased its stake in Franklin Street Properties Corp. (NYSE:FSP) by 252.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,731 shares of the company’s stock after buying an additional 32,760 shares during the quarter. Intech Investment Management LLC’s holdings in Franklin Street Properties were worth $84,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in Franklin Street Properties by 33.4% in the third quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock valued at $38,000 after acquiring an additional 5,433 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Franklin Street Properties by 6.1% in the 4th quarter. Rhumbline Advisers now owns 99,345 shares of the company’s stock worth $182,000 after purchasing an additional 5,675 shares during the period. SG Americas Securities LLC lifted its stake in Franklin Street Properties by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 41,253 shares of the company’s stock valued at $75,000 after purchasing an additional 8,407 shares during the last quarter. EMC Capital Management grew its holdings in Franklin Street Properties by 120.4% during the fourth quarter. EMC Capital Management now owns 30,425 shares of the company’s stock valued at $56,000 after purchasing an additional 16,621 shares during the period. Finally, State Street Corp increased its position in Franklin Street Properties by 1.8% in the third quarter. State Street Corp now owns 1,205,604 shares of the company’s stock worth $2,134,000 after buying an additional 20,987 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Stock Down 1.1 %

Shares of NYSE FSP opened at $1.84 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $190.56 million, a PE ratio of -3.68 and a beta of 0.82. Franklin Street Properties Corp. has a one year low of $1.47 and a one year high of $2.28. The business’s fifty day moving average price is $1.85 and its 200-day moving average price is $1.82.

Franklin Street Properties (NYSE:FSP) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.08) EPS for the quarter. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%. During the same quarter in the previous year, the company earned $0.03 EPS. On average, equities research analysts anticipate that Franklin Street Properties Corp. will post 0.12 EPS for the current year.

Franklin Street Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Friday, January 24th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, January 24th. Franklin Street Properties’s dividend payout ratio (DPR) is presently -8.00%.

Franklin Street Properties Company Profile

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.