Glenview Trust co Sells 9,875 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Glenview Trust co lessened its position in shares of Franklin Street Properties Corp. (NYSE:FSP) by 31.9% in the fourth quarter, HoldingsChannel reports. The fund owned 21,074 shares of the company’s stock after selling 9,875 shares during the period. Glenview Trust co’s holdings in Franklin Street Properties were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Private Management Group Inc. boosted its stake in shares of Franklin Street Properties by 2.3% in the fourth quarter. Private Management Group Inc. now owns 9,438,396 shares of the company’s stock valued at $17,272,000 after buying an additional 215,576 shares during the period. Peapod Lane Capital LLC acquired a new position in Franklin Street Properties during the fourth quarter valued at approximately $4,790,000. State Street Corp raised its position in Franklin Street Properties by 1.8% during the third quarter. State Street Corp now owns 1,205,604 shares of the company’s stock valued at $2,134,000 after purchasing an additional 20,987 shares in the last quarter. RBF Capital LLC acquired a new position in Franklin Street Properties during the third quarter valued at approximately $1,795,000. Finally, JPMorgan Chase & Co. raised its position in Franklin Street Properties by 97.1% during the third quarter. JPMorgan Chase & Co. now owns 231,681 shares of the company’s stock valued at $410,000 after purchasing an additional 114,161 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Price Performance

Shares of NYSE:FSP opened at $1.81 on Wednesday. The company has a fifty day moving average of $1.85 and a 200-day moving average of $1.82. The company has a market capitalization of $187.46 million, a PE ratio of -3.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. Franklin Street Properties Corp. has a 52-week low of $1.47 and a 52-week high of $2.31.

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

Franklin Street Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Friday, January 24th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.04 annualized dividend and a dividend yield of 2.21%. 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.