Daiwa Securities Group Inc. Acquires 6,815 Shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP)

Daiwa Securities Group Inc. grew its stake in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSPGet Rating) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,015 shares of the real estate investment trust’s stock after acquiring an additional 6,815 shares during the period. Daiwa Securities Group Inc.’s holdings in Franklin Street Properties were worth $173,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FSP. Jane Street Group LLC purchased a new position in Franklin Street Properties during the third quarter valued at approximately $1,410,000. Millennium Management LLC grew its position in shares of Franklin Street Properties by 753.7% during the 3rd quarter. Millennium Management LLC now owns 329,430 shares of the real estate investment trust’s stock valued at $1,529,000 after purchasing an additional 290,841 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Franklin Street Properties by 140.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 467,800 shares of the real estate investment trust’s stock worth $2,171,000 after purchasing an additional 273,400 shares during the period. RVB Capital Management LLC raised its position in shares of Franklin Street Properties by 200.0% in the third quarter. RVB Capital Management LLC now owns 300,000 shares of the real estate investment trust’s stock worth $1,392,000 after buying an additional 200,000 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Franklin Street Properties by 225.9% during the third quarter. Two Sigma Investments LP now owns 272,625 shares of the real estate investment trust’s stock valued at $1,265,000 after buying an additional 188,965 shares during the period. 81.65% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Brian N. Hansen bought 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 18th. The shares were bought at an average price of $5.68 per share, for a total transaction of $284,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.35% of the stock is owned by insiders.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Franklin Street Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley dropped their target price on shares of Franklin Street Properties from $7.00 to $6.50 in a research report on Friday, February 18th.

NYSEAMERICAN FSP opened at $5.48 on Friday. Franklin Street Properties Corp. has a twelve month low of $4.41 and a twelve month high of $6.58. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89. The stock has a market cap of $566.01 million, a price-to-earnings ratio of 11.42 and a beta of 0.87.

Franklin Street Properties (NYSEAMERICAN:FSPGet Rating) last issued its quarterly earnings results on Monday, February 14th. The real estate investment trust reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Franklin Street Properties had a net margin of 22.85% and a return on equity of 6.78%. On average, analysts predict that Franklin Street Properties Corp. will post 0.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 5th. Shareholders of record on Friday, April 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Wednesday, April 13th. Franklin Street Properties’s payout ratio is 75.00%.

About Franklin Street Properties (Get Rating)

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.

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Institutional Ownership by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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