Franklin Street Properties Corp. Director Buys $122,500 in Stock (FSP)
Franklin Street Properties Corp. (NYSE:FSP) Director Brian Hansen acquired 10,000 shares of the stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $12.25 per share, with a total value of $122,500.00. Following the acquisition, the director now directly owns 24,400 shares in the company. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on FSP. Analysts at Zacks downgraded shares of Franklin Street Properties Corp. (NYSE:FSP) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $12.60 price target on the stock.
Franklin Street Properties Corp. (NYSE:FSP) traded up 1.06% on Monday, hitting $12.44. The stock had a trading volume of 329,013 shares. Franklin Street Properties Corp. has a 52-week low of $10.42 and a 52-week high of $15.27. The stock’s 50-day moving average is $12.6 and its 200-day moving average is $13.72. The company has a market cap of $1.246 billion and a price-to-earnings ratio of 186.52.
Franklin Street Properties Corp. (NYSE:FSP) is a real estate investment trust (REIT).
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