27-Mar-2024
Office REITs post drop in Q4 occupancy
Seeking Alpha News (Mon, 25-Mar 2:20 PM ET)
Franklin Street Properties Corp. Announces Fourth Quarter and Full Year 2023 Results
Business Wire (Mon, 26-Feb 4:28 PM ET)
Franklin Street Properties Corp. to Announce Fourth Quarter and Full Year 2023 Results
Business Wire (Wed, 21-Feb 4:31 PM ET)
Franklin Street Properties Corp. Announces Tax Composition of 2023 Distributions
Business Wire (Wed, 17-Jan 4:31 PM ET)
Franklin Street Properties Corp. Declares Quarterly Dividend
Business Wire (Fri, 12-Jan 12:01 PM ET)
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 March 27, 2024, FSP stock price climbed to $2.26 with 769,152 million shares trading.
FSP has a beta of 1.20, meaning it tends to be more sensitive to market movements. FSP has a correlation of 0.07 to the broad based SPY ETF.
FSP has a market cap of $233.75 million. This is considered a Small 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 price return of +37.7% while the SPY ETF gained +33.6%. However, in the short term, FSP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -11.3% vs +10.1% return in SPY. But in the last 2 weeks, FSP shares have fared better than the market returning +2.3% compared to SPY +1.7%.
FSP support price is $2.13 and resistance is $2.23 (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.