Franklin Street Properties Corp. (NYSEAMERICAN:FSP) Short Interest Update

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,970,000 shares, a growth of 33.8% from the August 15th total of 2,220,000 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average trading volume of 408,700 shares, the days-to-cover ratio is currently 7.3 days.

Several institutional investors have recently modified their holdings of FSP. Quantbot Technologies LP acquired a new stake in shares of Franklin Street Properties in the first quarter valued at $28,000. Lazard Asset Management LLC acquired a new position in shares of Franklin Street Properties in the 1st quarter valued at $35,000. Russell Investments Group Ltd. acquired a new stake in shares of Franklin Street Properties during the second quarter worth about $35,000. Royal Bank of Canada increased its holdings in Franklin Street Properties by 420.6% during the 2nd quarter. Royal Bank of Canada now owns 7,065 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 5,708 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in Franklin Street Properties by 927.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 8,693 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 7,847 shares in the last quarter. Institutional investors and hedge funds own 83.03% of the company’s stock.

Shares of FSP opened at $4.54 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 2.07. Franklin Street Properties has a 12-month low of $3.34 and a 12-month high of $6.65. The firm has a market cap of $487.57 million, a PE ratio of 10.81 and a beta of 0.99. The stock has a 50 day simple moving average of $4.57.

Franklin Street Properties (NYSEAMERICAN:FSP) last announced its earnings results on Tuesday, August 3rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). Franklin Street Properties had a net margin of 19.16% and a return on equity of 6.00%. On average, equities research analysts forecast that Franklin Street Properties will post 0.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 5th. Shareholders of record on Friday, July 16th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, July 15th. This represents a $0.36 dividend on an annualized basis and a yield of 7.93%. Franklin Street Properties’s dividend payout ratio is currently 48.65%.

Separately, Zacks Investment Research lowered Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 5th.

About Franklin Street Properties

Franklin Street Properties Corp. is an investment company, which specializes and focuses on the asset class of real estate. It operates through the Real Estate Operations segment, which involves in real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development.

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