Franklin Street Properties (NYSE:FSP) Shares Up 0.2% – Should You Buy?

Shares of Franklin Street Properties Corp. (NYSE:FSP) shot up 0.2% on Friday . The stock traded as high as $0.5260 and last traded at $0.5163. 403,523 shares were traded during mid-day trading, a decline of 15% from the average session volume of 475,435 shares. The stock had previously closed at $0.5152.

Franklin Street Properties Stock Up 0.2%

The company has a 50 day moving average price of $0.62 and a two-hundred day moving average price of $0.83. 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 cap of $53.54 million, a PE ratio of -1.03 and a beta of 0.92.

Institutional Trading of Franklin Street Properties

Hedge funds have recently bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new stake in Franklin Street Properties during the third quarter valued at $27,000. Strs Ohio purchased a new stake in Franklin Street Properties during the first quarter valued at $32,000. Jane Street Group LLC purchased a new stake in Franklin Street Properties during the first quarter valued at $33,000. Man Group plc purchased a new stake in Franklin Street Properties during the third quarter valued at $44,000. Finally, Franklin Resources Inc. increased its position in Franklin Street Properties by 144.4% during the third quarter. Franklin Resources Inc. now owns 35,986 shares of the company’s stock valued at $58,000 after acquiring an additional 21,264 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

About Franklin Street Properties

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.