MetLife Investment Management LLC Sells 10,961 Shares of Franklin Street Properties Corp. (NYSE:FSP)

MetLife Investment Management LLC decreased its holdings in Franklin Street Properties Corp. (NYSE:FSP) by 39.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,839 shares of the company’s stock after selling 10,961 shares during the period. MetLife Investment Management LLC’s holdings in Franklin Street Properties were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in Franklin Street Properties by 33.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after purchasing an additional 5,433 shares in the last quarter. Bfsg LLC raised its stake in Franklin Street Properties by 11.1% in the 3rd quarter. Bfsg LLC now owns 70,430 shares of the company’s stock worth $125,000 after purchasing an additional 7,020 shares in the last quarter. SG Americas Securities LLC raised its stake in Franklin Street Properties by 92.1% in 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 in the last quarter. Point72 DIFC Ltd acquired a new stake in Franklin Street Properties in the 2nd quarter worth about $34,000. Finally, Algert Global LLC raised its stake in Franklin Street Properties by 123.1% in the 2nd quarter. Algert Global LLC now owns 60,225 shares of the company’s stock worth $92,000 after purchasing an additional 33,233 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Analysts Set New Price Targets

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

Franklin Street Properties Price Performance

Shares of NYSE:FSP opened at $1.80 on Wednesday. The firm has a 50 day moving average of $1.81 and a 200-day moving average of $1.72. The stock has a market capitalization of $186.42 million, a PE ratio of -4.62 and a beta of 0.82. 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 Corp. has a 12 month low of $1.47 and a 12 month high of $2.72.

Franklin Street Properties (NYSE:FSP) last issued its earnings results on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm 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 firm earned ($0.44) EPS. On average, equities research analysts predict that Franklin Street Properties Corp. will post 0.14 EPS for the current fiscal year.

Franklin Street Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, October 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, October 18th. Franklin Street Properties’s payout ratio is presently -10.26%.

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.