Franklin Street Properties (NYSE:FSP) Issues Quarterly Earnings Results

Franklin Street Properties (NYSE:FSP) posted its earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10), RTT News reports. Franklin Street Properties had a negative return on equity of 10.06% and a negative net margin of 52.85%. The firm had revenue of $29.68 million for the quarter. During the same quarter in the prior year, the firm posted ($0.44) earnings per share.

Franklin Street Properties Trading Up 0.8 %

Shares of NYSE FSP traded up $0.02 during mid-day trading on Wednesday, hitting $1.87. 24,933 shares of the company traded hands, compared to its average volume of 615,535. The business has a 50 day moving average of $1.71 and a two-hundred day moving average of $1.73. The stock has a market capitalization of $193.19 million, a price-to-earnings ratio of -2.68 and a beta of 0.81. Franklin Street Properties has a 1 year low of $1.47 and a 1 year high of $2.72. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.44.

Franklin Street Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Friday, October 18th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.14%. Franklin Street Properties’s dividend payout ratio (DPR) is presently -5.88%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Franklin Street Properties from a “hold” rating to a “sell” rating in a research note on Monday.

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.