Franklin Street Properties Corp. Insider Purchase of Shares

Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) has seen insider Jeffrey B. Carter acquire 18,500 shares of the company's stock in a recent transaction on December 16th. This purchase was made at an average price of $2.12 per share, bringing the total value of the transaction to $39,220. Following this acquisition, Carter now owns a total of 18,500 shares in Franklin Street Properties, also valued at $39,220. This transaction marks a significant increase in Carter's ownership stake in the company. The details of this purchase were formally disclosed in a filing with the Securities and Exchange Commission (SEC), which can be found on the SEC's official website.

Recent Stock Performance

On Tuesday, Franklin Street Properties shares opened at a price of $2.09. The company has maintained a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.72. The market capitalization for Franklin Street Properties Corp. is approximately $216.46 million, with a price-to-earnings ratio of -5.36 and a beta value of 0.82. The firm shows a debt-to-equity ratio of 0.41, with both a current ratio and quick ratio standing at 2.28. Over the past year, shares have traded between a low of $1.47 and a high of $2.72.

Earnings Overview

Franklin Street Properties recently reported its earnings results on October 29th. The company revealed earnings of ($0.15) per share for the quarter, which was below analysts' expectations of ($0.05) by a margin of ($0.10). The firm recorded a negative return on equity of 5.88% and a negative net margin of 32.11%, with revenue for the quarter reported at $29.68 million. In the same quarter of the previous year, the company posted earnings of ($0.44) per share. Analysts project that Franklin Street Properties Corp. will achieve an earnings per share of 0.14 for the current fiscal year.

Dividend Information

The company also announced a quarterly dividend that was paid on November 7th. Shareholders recorded on October 18th received a dividend of $0.01 per share, which results in an annualized dividend of $0.04 and a dividend yield of 1.91%. The ex-dividend date for this payout was October 18th, and at the current time, the payout ratio stands at -10.26%.

Institutional Investment Trends

Recently, several large investors have adjusted their positions in Franklin Street Properties. Notably, BNP Paribas Financial Markets increased its stake by 33.4% in the third quarter, owning now 21,718 shares worth $38,000 after acquiring an additional 5,433 shares. In the same period, XTX Topco Ltd bought a new stake in the company valued at $39,000, while Point72 DIFC Ltd and Virtu Financial LLC also established new investments in Franklin Street Properties. As of now, institutional investors hold approximately 61.41% of the company's outstanding shares.

Analysts Ratings Update

In a recent report, StockNews.com downgraded its rating for Franklin Street Properties from insider, trading, stocks