Franklin Street Properties (NYSE:FSP) Stock Price Down 0% – Time to Sell?

Shares of Franklin Street Properties Corp. (NYSE:FSP) fell 0% during trading on Tuesday . The stock traded as low as $0.5930 and last traded at $0.60. 459,442 shares traded hands during trading, a decline of 12% from the average session volume of 519,158 shares. The stock had previously closed at $0.6001.

Franklin Street Properties Price Performance

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 firm has a market capitalization of $60.60 million, a P/E ratio of -1.17 and a beta of 0.94. The firm’s 50 day simple moving average is $0.79 and its two-hundred day simple moving average is $1.10.

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Friday, January 23rd were issued a $0.01 dividend. The ex-dividend date was Friday, January 23rd. This represents a $0.04 annualized dividend and a dividend yield of 6.8%. Franklin Street Properties’s dividend payout ratio (DPR) is currently -9.09%.

Institutional Investors Weigh In On Franklin Street Properties

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in shares of Franklin Street Properties by 25.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 120,244 shares of the company’s stock worth $114,000 after purchasing an additional 24,199 shares during the period. Wells Fargo & Company MN boosted its position in Franklin Street Properties by 34.0% during the 4th quarter. Wells Fargo & Company MN now owns 108,933 shares of the company’s stock valued at $103,000 after acquiring an additional 27,660 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Franklin Street Properties during the 3rd quarter worth approximately $72,000. Man Group plc purchased a new position in shares of Franklin Street Properties during the 3rd quarter worth approximately $44,000. Finally, Franklin Resources Inc. raised its position in shares of Franklin Street Properties by 144.4% in the 3rd quarter. Franklin Resources Inc. now owns 35,986 shares of the company’s stock worth $58,000 after acquiring an additional 21,264 shares in 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.