Franklin Street Properties (NYSE:FSP) Stock Price Up 4.3% – Here’s What Happened

Franklin Street Properties Corp. (NYSE:FSP) shares rose 4.3% during mid-day trading on Monday . The stock traded as high as $0.5431 and last traded at $0.5320. 365,833 shares were traded during mid-day trading, a decline of 39% from the average session volume of 596,006 shares. The stock had previously closed at $0.51.

Franklin Street Properties Stock Up 1.3%

The stock’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.71. The stock has a market capitalization of $54.12 million, a P/E ratio of -1.04 and a beta of 0.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20.

Hedge Funds Weigh In On Franklin Street Properties

A number of hedge funds and other institutional investors have recently modified their holdings of FSP. Private Management Group Inc. raised its holdings in Franklin Street Properties by 0.5% during the 4th quarter. Private Management Group Inc. now owns 10,119,828 shares of the company’s stock worth $9,571,000 after buying an additional 50,200 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Franklin Street Properties by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,721,142 shares of the company’s stock worth $7,554,000 after buying an additional 55,323 shares during the period. Guardsman Private Capital Management Inc. purchased a new position in shares of Franklin Street Properties in the fourth quarter worth approximately $2,714,000. Geode Capital Management LLC increased its position in shares of Franklin Street Properties by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,842,444 shares of the company’s stock worth $1,743,000 after acquiring an additional 42,057 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Franklin Street Properties by 21.9% during the first quarter. Renaissance Technologies LLC now owns 1,692,603 shares of the company’s stock valued at $1,125,000 after acquiring an additional 304,177 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

Franklin Street Properties Company Profile

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.