Franklin Street Properties (NYSE:FSP) Issues Earnings Results, Misses Expectations By $0.12 EPS

Franklin Street Properties (NYSE:FSP) posted its quarterly earnings results on Tuesday. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12), Yahoo Finance reports. Franklin Street Properties had a negative return on equity of 9.96% and a negative net margin of 52.85%. The firm had revenue of $30.83 million for the quarter.

Franklin Street Properties Stock Performance

Shares of FSP opened at $1.70 on Friday. The firm has a market capitalization of $176.07 million, a P/E ratio of 7.91 and a beta of 0.82. Franklin Street Properties has a 52 week low of $1.47 and a 52 week high of $2.72. The stock has a 50 day moving average price of $1.68 and a two-hundred day moving average price of $2.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.57 and a current ratio of 2.57.

Franklin Street Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, July 19th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.04 annualized dividend and a yield of 2.35%. Franklin Street Properties’s payout ratio is -7.14%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Saturday, April 13th.

About Franklin Street Properties

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.