StockNews.com downgraded shares of Franklin Street Properties (NYSE:FSP – Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
Franklin Street Properties Trading Up 0.4 %
Shares of FSP stock opened at $2.27 on Tuesday. The firm has a 50 day moving average price of $2.33 and a two-hundred day moving average price of $2.23. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $234.79 million, a PE ratio of -4.83 and a beta of 0.82. Franklin Street Properties has a 12-month low of $1.13 and a 12-month high of $2.72.
Franklin Street Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 26th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.04 annualized dividend and a yield of 1.76%. Franklin Street Properties’s dividend payout ratio (DPR) is presently -8.51%.
Institutional Investors Weigh In On Franklin Street Properties
Franklin Street Properties Company Profile
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.
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