Franklin Street Properties Corp. (FSP) Declares $0.19 Quarterly Dividend
Franklin Street Properties Corp. (NYSEAMERICAN:FSP) announced a quarterly dividend on Monday, January 8th, Wall Street Journal reports. Shareholders of record on Friday, January 19th will be given a dividend of 0.19 per share by the real estate investment trust on Thursday, February 8th. This represents a $0.76 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend is Thursday, January 18th.
Shares of Franklin Street Properties (FSP) opened at $10.41 on Friday. Franklin Street Properties has a fifty-two week low of $9.59 and a fifty-two week high of $13.25. The stock has a market cap of $1,120.00, a PE ratio of -115.67 and a beta of 0.78.
Franklin Street Properties (NYSEAMERICAN:FSP) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Franklin Street Properties had a net margin of 2.77% and a return on equity of 0.85%. The firm had revenue of $67.30 million for the quarter, compared to the consensus estimate of $66.31 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.
About Franklin Street Properties
Franklin Street Properties Corp. is a real estate investment trust (REIT). The Company is focused on commercial real estate investments primarily in office markets. The Company operates through the real estate operations segment. The Company’s investment objectives are to create shareholder value by increasing revenue from rental, dividend, interest and fee income and net gains from sales of properties, and increase the cash available for distribution in the form of dividends to its stockholders.
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