Franklin Street Properties (NYSE:FSP) Announces Quarterly Earnings Results

Franklin Street Properties (NYSE:FSP) reported its quarterly earnings on Tuesday, revealing an earnings per share (EPS) of ($0.08) for the quarter. The company is facing challenges as it recorded a negative return on equity of 5.88% and a negative net margin of 32.11%.

Stock Performance of Franklin Street Properties

On Tuesday, shares of Franklin Street Properties experienced a slight decline, trading down by $0.01 to reach $1.83. The trading volume for the day was 261,104 shares, which is higher than its average volume of 226,737. Financial metrics for the company show a debt-to-equity ratio of 0.41, a current ratio of 2.28, and a quick ratio also at 2.28. Over the past year, the stock has seen a low of $1.47 and a high of $2.47. The market capitalization stands at approximately $189.53 million, with a price-to-earnings ratio of -4.69 and a beta of 0.82, indicating lower volatility compared to the market. The fifty-day moving average for the stock is $1.85, while the 200-day moving average is $1.78.

Dividend Announcement

Franklin Street Properties has declared a quarterly dividend, which is set to be paid on Thursday, February 13th. Shareholders on record by Friday, January 24th will receive a dividend of $0.01. This brings the annualized dividend to $0.04, resulting in a dividend yield of 2.19%. The ex-dividend date is also on Friday, January 24th. Currently, the company's payout ratio stands at -10.26%, indicating that it is not generating enough earnings to cover its dividend payments.

Insider Activity

In recent insider trading activity, Jeffrey B. Carter, an insider of the company, purchased 18,500 shares of Franklin Street Properties on Monday, December 16th, at an average price of $2.12 each, totaling approximately $39,220. Following this acquisition, Carter's ownership in the company increased to 18,500 shares. Additionally, Director Bruce J. Schanzer acquired 110,589 shares on Wednesday, December 11th, at an average cost of $1.87 per share, totaling around $206,801.43. Post-acquisition, Schanzer now holds 3,405,463 shares valued at approximately $6,368,215. Over the last 90 days, insiders have purchased a total of 172,400 shares of the company's stock, valued at $327,879, and company insiders own about 6.20% of the total shares outstanding.

Analyst Ratings

In terms of analyst activity, StockNews.com has recently downgraded Franklin Street Properties from a "hold" rating to a "sell" rating as of Monday, October 28th.

About the Company

Franklin Street Properties Corp., headquartered in Wakefield, Massachusetts, focuses on office properties located in infill areas and central business districts in the U.S. Sunbelt and Mountain West regions, as well as select opportunistic markets. The firm aims for value-oriented investments that provide long-term growth, appreciation, and current income.

Franklin, Properties, Earnings