LSV Asset Management boosted its holdings in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,908,775 shares of the real estate investment trust’s stock after purchasing an additional 1,114,012 shares during the quarter. LSV Asset Management owned approximately 4.58% of Franklin Street Properties worth $52,720,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of FSP. Shelton Capital Management acquired a new stake in shares of Franklin Street Properties in the second quarter valued at approximately $111,000. Schroder Investment Management Group acquired a new stake in Franklin Street Properties during the third quarter worth $144,000. QS Investors LLC increased its stake in Franklin Street Properties by 9.6% during the second quarter. QS Investors LLC now owns 13,985 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 1,220 shares during the last quarter. Amalgamated Bank increased its stake in Franklin Street Properties by 1.0% during the second quarter. Amalgamated Bank now owns 14,310 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 137 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in Franklin Street Properties by 19.3% during the second quarter. Susquehanna International Group LLP now owns 17,775 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 2,875 shares during the last quarter.
A number of equities research analysts have recently weighed in on FSP shares. Zacks Investment Research raised Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. B. Riley reaffirmed a “buy” rating on shares of Franklin Street Properties in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.75.
Franklin Street Properties Corp. (FSP) traded down $0.01 on Tuesday, hitting $9.51. The stock had a trading volume of 34,437 shares, compared to its average volume of 390,656. Franklin Street Properties Corp. has a twelve month low of $9.14 and a twelve month high of $12.84. The firm has a market capitalization of $1,040.00, a PE ratio of -105.78 and a beta of 0.67.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Friday, January 19th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date was Thursday, January 18th. Franklin Street Properties’s dividend payout ratio (DPR) is currently -844.44%.
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About Franklin Street Properties
Franklin Street Properties Corp. is a real estate investment trust (REIT). The Company is focused on commercial real estate investments primarily in office markets. The Company operates through the real estate operations segment. The Company’s investment objectives are to create shareholder value by increasing revenue from rental, dividend, interest and fee income and net gains from sales of properties, and increase the cash available for distribution in the form of dividends to its stockholders.
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