Nisa Investment Advisors LLC Decreases Stock Holdings in Franklin Street Properties Corp. (NYSE:FSP)

Nisa Investment Advisors LLC lowered its holdings in Franklin Street Properties Corp. (NYSE:FSP) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,121 shares of the company’s stock after selling 9,359 shares during the period. Nisa Investment Advisors LLC’s holdings in Franklin Street Properties were worth $50,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bfsg LLC grew its position in Franklin Street Properties by 11.1% during the third quarter. Bfsg LLC now owns 70,430 shares of the company’s stock valued at $125,000 after buying an additional 7,020 shares during the period. SG Americas Securities LLC increased its stake in shares of Franklin Street Properties by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock worth $58,000 after purchasing an additional 15,750 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Franklin Street Properties in the 2nd quarter worth approximately $34,000. Vanguard Group Inc. lifted its stake in Franklin Street Properties by 0.3% in the first quarter. Vanguard Group Inc. now owns 8,236,758 shares of the company’s stock valued at $18,697,000 after purchasing an additional 25,568 shares during the last quarter. Finally, Algert Global LLC increased its position in Franklin Street Properties by 123.1% in the second quarter. Algert Global LLC now owns 60,225 shares of the company’s stock worth $92,000 after buying an additional 33,233 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Stock Performance

Shares of FSP stock opened at $1.96 on Friday. The firm’s 50 day moving average is $1.73 and its 200 day moving average is $1.73. The stock has a market capitalization of $203.00 million, a P/E ratio of -5.03 and a beta of 0.81. Franklin Street Properties Corp. has a 12 month low of $1.47 and a 12 month high of $2.72. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41.

Franklin Street Properties (NYSE:FSP) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company had revenue of $29.68 million during the quarter. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. During the same period in the previous year, the business posted ($0.44) EPS. On average, sell-side analysts anticipate that Franklin Street Properties Corp. will post 0.13 earnings per share for the current year.

Franklin Street Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, October 18th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, October 18th. This represents a $0.04 annualized dividend and a yield of 2.04%. Franklin Street Properties’s dividend payout ratio is currently -10.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

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.