Franklin Street Properties (NYSE:FSP) Trading Up 0.2% – Still a Buy?

Franklin Street Properties Corp. (NYSE:FSP) was up 0.2% during trading on Friday . The stock traded as high as $0.5260 and last traded at $0.5163. Approximately 403,523 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 475,435 shares. The stock had previously closed at $0.5152.

Franklin Street Properties Stock Up 0.2%

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 firm’s 50-day moving average is $0.62 and its 200 day moving average is $0.83. The firm has a market capitalization of $53.54 million, a PE ratio of -1.03 and a beta of 0.92.

Institutional Investors Weigh In On Franklin Street Properties

Several institutional investors and hedge funds have recently made changes to their positions in FSP. Guardsman Private Capital Management Inc. purchased a new stake in shares of Franklin Street Properties in the 4th quarter worth about $2,714,000. Renaissance Technologies LLC boosted its position in shares of Franklin Street Properties by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,388,426 shares of the company’s stock worth $1,313,000 after buying an additional 479,943 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Franklin Street Properties by 3.1% in the 3rd quarter. Private Management Group Inc. now owns 10,069,628 shares of the company’s stock worth $16,111,000 after buying an additional 307,344 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Franklin Street Properties by 1,123.9% in the 2nd quarter. Jane Street Group LLC now owns 224,863 shares of the company’s stock worth $369,000 after buying an additional 206,490 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Franklin Street Properties by 61.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 421,606 shares of the company’s stock worth $691,000 after buying an additional 160,529 shares in the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

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.