FSP Stock Summary and Trading Ideas (Franklin Street Props | AMEX:FSP)

Franklin Street Properties Corp is a real estate investment trust. The company is focused on commercial real estate investments in office markets and currently operate in only one segment: real estate operations. The company's operations include rental income from real estate leasing, interest income from secured loans made on office properties, property dispositions, and fee income from asset/property management and development. Franklin Street markets Atlanta, Dallas, Denver, Houston, and Minneapolis.

Franklin Street Props trades on the AMEX stock market under the symbol FSP.

As of April 18, 2024, FSP stock price declined to $1.86 with 274,065 million shares trading.

FSP has a beta of 1.34, meaning it tends to be more sensitive to market movements. FSP has a correlation of 0.10 to the broad based SPY ETF.

FSP has a market cap of $192.38 million. This is considered a Micro Cap stock.

In the last 3 years, FSP stock traded as high as $6.58 and as low as $1.13.

The top ETF exchange traded funds that FSP belongs to (by Net Assets): VNQ, VTI, VXF, SCHA, PRFZ.

FSP has outperformed the market in the last year with a return of +52.0%, while the SPY ETF gained +22.3%. However, in the most recent history, FSP shares have underperformed the stock market with its stock returning -26.4% in the last 3 month period and -13.1% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

FSP support price is $1.84 and resistance is $1.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FSP stock will trade within this expected range on the day.