Franklin Street Properties Corp (AMEX: FSP) is -30.86% lower on its value in year-to-date trading and has touched a low of $1.47 and a high of $2.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FSP stock was last observed hovering at around $1.77 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.77, the stock is 3.54% and 3.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 0.00% at the moment leaves the stock -7.04% off its SMA200. FSP registered 1.72% gain for a year compared to 6-month loss of -6.35%. The firm has a 50-day simple moving average (SMA 50) of $1.7096 and a 200-day simple moving average (SMA200) of $1.90395.
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The stock witnessed a 5.99% gain in the last 1 month and extending the period to 3 months gives it a 6.63%, and is -1.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.09% over the week and 4.33% over the month.
Franklin Street Properties Corp (FSP) has around 28 employees, a market worth around $183.31M and $127.92M in sales. Profit margin for the company is -31.75%. Distance from 52-week low is 20.41% and -34.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.32%).
Franklin Street Properties Corp quarterly earnings per share for the current quarter are estimated at -0.07 with sales reaching $30.83M over the same period.The EPS is expected to grow by 14.89% this year, but quarterly earnings will post -14.80% year-over-year. Quarterly sales are estimated to shrink -11.30% in year-over-year returns.
147.0 institutions hold shares in Franklin Street Properties Corp (FSP), with institutional investors hold 82.20% of the company’s shares. The shares outstanding are 103.43M, and float is at 81.27M with Short Float at 2.08%. Institutions hold 64.68% of the Float.
The top institutional shareholder in the company is PRIVATE MANAGEMENT GROUP INC with over 8.55 million shares valued at $13.08 million. The investor’s holdings represent 8.2661 of the FSP Shares outstanding. As of 2024-06-30, the second largest holder is NEWTYN MANAGEMENT, LLC with 7.15 million shares valued at $10.94 million to account for 6.9129 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.36 million shares representing 6.1515 and valued at over $9.73 million, while BANK OF AMERICA CORP /DE/ holds 5.1602 of the shares totaling 5.34 million with a market value of $8.17 million.
Franklin Street Properties Corp (FSP) Insider Activity
The most recent transaction is an insider purchase by HANSEN BRIAN N, the company’s Director. SEC filings show that HANSEN BRIAN N bought 50,000 shares of the company’s common stock on Mar 04 ’24 at a price of $2.33 per share for a total of $0.12 million. Following the purchase, the insider now owns 1.19 million shares.
Franklin Street Properties Corp disclosed in a document filed with the SEC on Nov 13 ’23 that HANSEN BRIAN N (Director) bought a total of 40,000 shares of the company’s common stock. The trade occurred on Nov 13 ’23 and was made at $2.09 per share for $83732.0. Following the transaction, the insider now directly holds 1.14 million shares of the FSP stock.
Still, SEC filings show that on Nov 10 ’23, HANSEN BRIAN N (Director) acquired 35,000 shares at an average price of $2.10 for $73388.0. The insider now directly holds 1,101,656 shares of Franklin Street Properties Corp (FSP).
