Private Management Group Inc. Purchases 78,054 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Private Management Group Inc. lifted its position in shares of Franklin Street Properties Corp. (NYSE:FSP) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,955,114 shares of the company’s stock after purchasing an additional 78,054 shares during the quarter. Private Management Group Inc. owned about 5.76% of Franklin Street Properties worth $15,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FSP. Citigroup Inc. boosted its holdings in Franklin Street Properties by 26,035.6% in the third quarter. Citigroup Inc. now owns 352,830 shares of the company’s stock worth $653,000 after acquiring an additional 351,480 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Franklin Street Properties by 17.0% in the third quarter. AQR Capital Management LLC now owns 2,397,868 shares of the company’s stock worth $4,436,000 after acquiring an additional 349,006 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Franklin Street Properties by 6.9% in the third quarter. Acadian Asset Management LLC now owns 1,476,621 shares of the company’s stock worth $2,730,000 after acquiring an additional 94,760 shares in the last quarter. Jump Financial LLC bought a new stake in Franklin Street Properties in the third quarter worth $116,000. Finally, Barclays PLC boosted its holdings in Franklin Street Properties by 1,102.8% in the third quarter. Barclays PLC now owns 60,138 shares of the company’s stock worth $111,000 after acquiring an additional 55,138 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors.

Franklin Street Properties Stock Performance

Shares of Franklin Street Properties stock traded up $0.20 during trading on Tuesday, hitting $2.07. 520,757 shares of the company’s stock traded hands, compared to its average volume of 529,306. Franklin Street Properties Corp. has a 1 year low of $1.13 and a 1 year high of $2.72. The business has a 50-day simple moving average of $2.20 and a 200-day simple moving average of $2.27. The stock has a market capitalization of $214.10 million, a P/E ratio of -4.40 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 1.26.

Franklin Street Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Friday, April 19th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.93%. Franklin Street Properties’s dividend payout ratio is presently -8.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Saturday, April 13th.

Franklin Street Properties 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.