Franklin Street Properties (NYSE:FSP) Shares Up 0.2% – Should You Buy?

Franklin Street Properties Corp. (NYSE:FSP)’s share price was up 0.2% during trading on Friday . The company traded as high as $0.5260 and last traded at $0.5163. Approximately 403,523 shares changed hands during 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 Performance

The company has a market cap of $53.54 million, a PE ratio of -1.03 and a beta of 0.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. The business has a 50-day moving average of $0.62 and a 200 day moving average of $0.83.

Institutional Trading of Franklin Street Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of FSP. Jane Street Group LLC purchased a new stake in Franklin Street Properties in the first quarter worth about $33,000. Strs Ohio purchased a new stake in Franklin Street Properties in the first quarter worth about $32,000. XTX Topco Ltd increased its position in Franklin Street Properties by 253.9% in the second quarter. XTX Topco Ltd now owns 91,183 shares of the company’s stock worth $150,000 after buying an additional 65,415 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Franklin Street Properties by 61.5% in the second 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. Finally, Tower Research Capital LLC TRC increased its position in Franklin Street Properties by 644.7% in the second quarter. Tower Research Capital LLC TRC now owns 36,907 shares of the company’s stock worth $61,000 after buying an additional 31,951 shares in 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. 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.