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Friday, September 29, 2023

Franklin Street Properties Corp. (AMEX: FSP): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Franklin Street Properties Corp. Announces Second Quarter 2023 Results.

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Stocks Info

FSP belongs to the Real Estate sector of the AMEX while operating in the REIT – Office industry. At the end of the last regular session, the stock closed at $1.95 and fluctuated between $1.9700 as its day high and $1.9100 as its day low. The current market capitalization of Franklin Street Properties Corp. is $198.61M. A total of 0.32 million shares were traded on the day, compared to an average of 822.67K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FSP has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 23,590 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 1 SELLs from insiders. Insiders purchased 1,061,095 shares during that period but sold 365,000.

In the most recent transaction, HANSEN BRIAN N bought 2,177 shares of FSP for 1.80 per share on Aug 22. After the transaction, the Director now owns 1,066,656 company shares. In a previous transaction on Aug 21, HANSEN BRIAN N bought 19,705 shares at 1.79 per share. FSP shares that Director owns now total 1,064,479.

Among the insiders who bought shares, HANSEN BRIAN N acquired of 3,118 shares on Aug 18 at a per-share price of $1.80. This resulted in the Director holding 1,044,744 shares of FSP after the transaction. In another insider transaction, HANSEN BRIAN N bought 10,000 shares at $1.79 per share on Aug 08. Company shares held by the Director now total 1,041,656.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Franklin Street Properties Corp. pays an annual dividend of $0.04, resulting in a dividend yield of 2.05%, and it has a price to earnings (P/E) ratio of 24.07.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FSP in the last 3 months, the mean price target is $2.25 with high estimates of $2.50 and low estimates of $2.00. In terms of 52-week highs and lows, FSP has a high of $3.20 and a low of $1.13.

As of this writing, FSP has an earnings estimate of $FS KKR Capital Corp. per share for the current quarter. EPS was calculated based on a consensus of Fisker Inc. estimates, with a high estimate of $Fortuna Silver Mines Inc per share and a lower estimate of $Invesco S&P 500 Equal Weight ET.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FSP’s latest balance sheet shows that the firm has $40.75M in Cash & Short Term Investments as of fiscal 2021. There were $474.79M in debt and $89.49M in liabilities at the time. Its Book Value Per Share was $7.35, while its Total Shareholder’s Equity was $783.20M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FSP is Buy with a score of 4.00.

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