Fuller & Thaler Boosts Franklin Street Properties Stake to 6.4%
Ticker: FSP · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1031316
| Field | Detail |
|---|---|
| Company | Franklin Street Properties CORP /Ma/ (FSP) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, stake-increase, real-estate, amendment
TL;DR
**Fuller & Thaler just upped their stake in Franklin Street Properties to 6.4%, a bullish sign from a big player.**
AI Summary
Fuller & Thaler Asset Management, Inc. filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership in Franklin Street Properties Corp. As of December 31, 2023, Fuller & Thaler holds sole voting power over 6,734,289 shares of Franklin Street Properties Corp. common stock, representing 6.4% of the company. This is an increase from their previous filing, indicating a growing conviction in the real estate investment trust (REIT). This matters to investors because a significant institutional investor increasing its stake can signal confidence in the company's future performance and potentially attract other investors.
Why It Matters
This filing shows a major institutional investor, Fuller & Thaler Asset Management, has increased its ownership in Franklin Street Properties Corp., signaling their continued confidence in the company's value and prospects.
Risk Assessment
Risk Level: low — This filing indicates an institutional investor is increasing its stake, which is generally a positive signal and reduces perceived risk.
Analyst Insight
A smart investor would view this increased institutional ownership as a positive signal, potentially prompting further research into Franklin Street Properties Corp.'s fundamentals and recent performance to understand why a major asset manager is increasing its stake.
Key Numbers
- 6,734,289 — Shares with Sole Voting Power (Represents the number of shares Fuller & Thaler Asset Management, Inc. can vote independently in Franklin Street Properties Corp.)
- 6.4% — Percentage of Class Owned (Indicates the significant portion of Franklin Street Properties Corp. common stock now owned by Fuller & Thaler Asset Management, Inc.)
Key Players & Entities
- Fuller & Thaler Asset Management, Inc. (company) — the reporting person increasing its stake
- Franklin Street Properties Corp. (company) — the issuer whose shares are being reported
- 6,734,289 (dollar_amount) — number of shares with sole voting power held by Fuller & Thaler
- 6.4% (dollar_amount) — percentage of common stock owned by Fuller & Thaler
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Fuller & Thaler Asset Management, Inc. will maintain or slightly increase its stake in Franklin Street Properties Corp. over the next 6-12 months. (Fuller & Thaler Asset Management, Inc.) — medium confidence, target: 2025-02-13
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Fuller & Thaler Asset Management, Inc., as stated on the cover page and Item 1 of the Schedule 13G.
What is the name of the issuer whose securities are being reported?
The issuer is Franklin Street Properties Corp., as identified on the cover page and in the 'Name of Issuer' section of the filing.
As of what date did the event requiring this filing occur?
The event requiring this filing occurred on December 31, 2023, as specified in the 'Date of Event which Requires Filing of this Statement' section.
How many shares of Franklin Street Properties Corp. common stock does Fuller & Thaler Asset Management, Inc. have sole voting power over?
Fuller & Thaler Asset Management, Inc. has sole voting power over 6,734,289 shares, as detailed in Item 5 of the Schedule 13G.
What percentage of Franklin Street Properties Corp.'s common stock does Fuller & Thaler Asset Management, Inc. own?
Fuller & Thaler Asset Management, Inc. owns 6.4% of Franklin Street Properties Corp.'s common stock, as indicated in Item 9 of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding FRANKLIN STREET PROPERTIES CORP /MA/ (FSP).