Integrated Wealth Concepts LLC Boosts Position in Franklin Street Properties Corp. (NYSE:FSP)

Integrated Wealth Concepts LLC increased its holdings in Franklin Street Properties Corp. (NYSE:FSP) by 31.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,511 shares of the company’s stock after acquiring an additional 22,727 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Franklin Street Properties were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Private Management Group Inc. raised its holdings in Franklin Street Properties by 30.0% in the 2nd quarter. Private Management Group Inc. now owns 8,549,589 shares of the company’s stock worth $13,081,000 after purchasing an additional 1,970,790 shares in the last quarter. Acuitas Investments LLC raised its stake in Franklin Street Properties by 39.5% in the second quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company’s stock worth $3,176,000 after buying an additional 587,401 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Franklin Street Properties by 1,005.2% in the second quarter. Bank of New York Mellon Corp now owns 299,743 shares of the company’s stock worth $459,000 after buying an additional 272,622 shares during the period. Acadian Asset Management LLC boosted its position in Franklin Street Properties by 9.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock valued at $3,732,000 after acquiring an additional 215,358 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Franklin Street Properties by 25.4% during the 2nd quarter. Marshall Wace LLP now owns 890,682 shares of the company’s stock valued at $1,363,000 after acquiring an additional 180,324 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Stock Performance

Shares of Franklin Street Properties stock opened at $2.02 on Friday. The business has a fifty day simple moving average of $1.82 and a two-hundred day simple moving average of $1.72. The firm has a market capitalization of $209.21 million, a P/E ratio of -5.18 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 quarterly earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The business had revenue of $29.68 million for 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 prior year, the business posted ($0.44) earnings per share. On average, equities analysts forecast that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

Franklin Street Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, October 18th were paid a $0.01 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.04 annualized dividend and a dividend yield of 1.98%. Franklin Street Properties’s payout ratio is currently -10.26%.

Wall Street Analyst Weigh In

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

Insider Activity at Franklin Street Properties

In related news, Director Bruce J. Schanzer bought 110,589 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $1.87 per share, with a total value of $206,801.43. Following the completion of the purchase, the director now owns 3,405,463 shares in the company, valued at approximately $6,368,215.81. The trade was a 3.36 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.20% of the stock is owned by corporate insiders.

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.