Franklin Street Properties (NYSE:FSP) Stock Jumps 2.8% – Here’s What Happened

Franklin Street Properties Corp. (NYSE:FSP)’s share price rose 2.8% during trading on Thursday. The stock traded as high as $0.4479 and last traded at $0.4299. 901,684 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 620,213 shares. The stock had previously closed at $0.4183.

Franklin Street Properties Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. The company’s fifty day simple moving average is $0.38 and its two-hundred day simple moving average is $0.49. The stock has a market capitalization of $46.88 million, a PE ratio of -0.90 and a beta of 0.87.

Institutional Trading of Franklin Street Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Franklin Street Properties during the second quarter valued at approximately $34,000. Secure Asset Management LLC grew its stake in Franklin Street Properties by 73.3% in the 3rd quarter. Secure Asset Management LLC now owns 72,342 shares of the company’s stock worth $27,000 after acquiring an additional 30,600 shares during the period. Ieq Capital LLC acquired a new position in Franklin Street Properties in the 2nd quarter valued at $59,000. Integrated Wealth Concepts LLC grew its position in shares of Franklin Street Properties by 21.7% in the second quarter. Integrated Wealth Concepts LLC now owns 148,891 shares of the company’s stock valued at $77,000 after purchasing an additional 26,537 shares during the period. Finally, Susquehanna International Group LLP increased its stake in shares of Franklin Street Properties by 1,373.1% during the 2nd quarter. Susquehanna International Group LLP now owns 442,807 shares of the company’s stock valued at $228,000 after acquiring an additional 412,747 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Company Profile

Franklin Street Properties Corp. (NYSE:FSP) is a real estate investment trust (REIT) that owns and operates commercial properties in the United States. The company has historically focused primarily on office buildings leased to business and professional tenants.

Franklin Street Properties generates revenue principally from rental income and provides property management and related real estate services for its portfolio. Its activities have included acquiring, leasing, operating and disposing of office properties in selected U.S.