Fuller & Thaler Asset Management, has recently announced that it has increased stake in Franklin Street Properties Corp. (AMEX:FSP) by 0.26%. After grabbing 7.29 million shares, the institutional investor is now in possession of 18624.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 7.06% having worth around $8.46 million. Moreover, Private Management Group, Inc. increased its share by 0.61 million to have a control over 4.5 million shares. And Morgan Stanley & Co. LLC raised its holdings to 1.5 million shares by acquiring 3.22 million shares or 3.12% of the stake.
Franklin Street Properties Corp. (FSP) concluded trading on 05/24/23 at a closing price of $1.51, with 1.03 million shares of worth about $1.55 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -48.46% during that period and on Wednesday the price saw a loss of about -9.04%. Currently the company’s common shares owned by public are about 103.24M shares, out of which, 92.49M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the FSP stock and their offered price forecasts bring an average price target of $2.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.50 and could fall to a lowest price of $1.50. The stock’s current price level is 24.5% above of average price target set by the analysts, while a rise to estimated low would result in loss of -0.67% for the stock. However, touching the estimated high of $2.50 would mean a gain of 39.6% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 943,066 shares in 21 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Undiscovered Managers Behavioral, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Franklin Street Properties Corp. Undiscovered Managers Behavioral is currently holding 5.91 million shares of worth totaling $6.85 million. The company recently came selling 39000.0 shares which brought its stake up to 5.72% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 6180.0 shares, after which its hold over company’s outstanding shares shrunk to 3.95%, leaving 4.07 million shares with the mutual fund that have a worth of about $4.72 million. Vanguard Total Stock Market ETF, after buying 2.76 million shares, have now control over 2.67% of the stake in the company. It holds 0.0 shares of worth $3.2 million.
However, the stock later moved at a day high price of 1.6600, or with a loss of -9.04%. Stock saw a price change of -1.95% in past 5 days and over the past one month there was a price change of 27.97%. Year-to-date (YTD), FSP shares are showing a performance of -44.69% which decreased to -65.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.13 but also hit the highest price of $4.55 during that period. The average intraday trading volume for Franklin Street Properties Corp. shares is 2.35 million. The stock is currently trading 9.98% above its 20-day simple moving average (SMA20), while that difference is up 4.44% for SMA50 and it goes to -39.10% lower than SMA200.
Fuller & Thaler Asset Management, acquired 7.29 million shares of Franklin Street Properties Corp. having value of about $8.46 million. Data submitted at the U.S SEC by Fuller & Thaler Asset Management, revealed that the firm now holds 18624.0 shares in the company valued at close to $28122.24, or have control over 0.26% stake in the company. Franklin Street Properties Corp. (AMEX: FSP) currently have 103.24M outstanding shares and institutions hold larger chunk of about 84.90% of that. Holding of mutual funds in the company is about 31.03% while other institutional holders and individual stake holders have control over 53.17% and 12.22% of the stake respectively.
The stock has a current market capitalization of $157.79M and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 20.41, while it has posted earnings per share of $0.07 in the same period. It has a debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FSP, volatility over the week remained 8.35% while standing at 9.26% over the month.
Analysts are in expectations that Franklin Street Properties Corp. (FSP) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.21 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -98.80% while it is estimated to decrease by -31.20% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Franklin Street Properties Corp. (FSP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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