Franklin Street Properties Corp. (FSP) Short Interest Update

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,054,072 shares, an increase of 14.5% from the January 12th total of 1,794,192 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 411,194 shares, the short-interest ratio is presently 5.0 days.

Shares of Franklin Street Properties (NYSEAMERICAN:FSP) traded up $0.17 on Friday, reaching $9.53. The company’s stock had a trading volume of 760,484 shares, compared to its average volume of 401,089. Franklin Street Properties has a one year low of $9.14 and a one year high of $12.84. The firm has a market capitalization of $1,050.00, a price-to-earnings ratio of -105.89 and a beta of 0.67.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Shareholders of record on Friday, January 19th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 7.97%. The ex-dividend date was Thursday, January 18th. Franklin Street Properties’s payout ratio is currently -844.44%.

Several analysts recently commented on FSP shares. Zacks Investment Research raised Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. B. Riley reaffirmed a “buy” rating on shares of Franklin Street Properties in a report on Thursday, November 2nd. Finally, BidaskClub raised Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.75.

A number of institutional investors and hedge funds have recently modified their holdings of FSP. Wells Fargo & Company MN grew its holdings in Franklin Street Properties by 5.9% in the second quarter. Wells Fargo & Company MN now owns 112,852 shares of the real estate investment trust’s stock valued at $1,251,000 after purchasing an additional 6,269 shares during the period. Teachers Advisors LLC grew its holdings in Franklin Street Properties by 5.0% in the second quarter. Teachers Advisors LLC now owns 190,729 shares of the real estate investment trust’s stock valued at $2,113,000 after purchasing an additional 9,075 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Franklin Street Properties by 1.3% in the second quarter. TIAA CREF Investment Management LLC now owns 280,278 shares of the real estate investment trust’s stock valued at $3,105,000 after purchasing an additional 3,639 shares during the period. Ameriprise Financial Inc. grew its holdings in Franklin Street Properties by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 571,916 shares of the real estate investment trust’s stock valued at $6,337,000 after purchasing an additional 2,494 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in Franklin Street Properties by 70.6% in the second quarter. Nationwide Fund Advisors now owns 128,509 shares of the real estate investment trust’s stock valued at $1,424,000 after purchasing an additional 53,165 shares during the period.

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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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