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Franklin Street Properties Corp. (NYSE:FSP) CFO John G. Demeritt purchased 1,000 shares of Franklin Street Properties Corp. stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average price of $12.17 per share, for a total transaction of $12,170.00. Following the purchase, the chief financial officer now directly owns 27,000 shares of the company’s stock, valued at approximately $328,590. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Franklin Street Properties Corp. (NYSE:FSP) opened at 12.11 on Wednesday. Franklin Street Properties Corp. has a 1-year low of $11.04 and a 1-year high of $13.77. The stock’s 50-day moving average is $12.41 and its 200-day moving average is $12.34. The company has a market cap of $1.213 billion and a P/E ratio of 68.04. Franklin Street Properties Corp. also was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 2,000,899 shares, an increase of 5.7% from the July 15th total of 1,892,663 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 263,552 shares, the short-interest ratio is currently 7.6 days.

Franklin Street Properties Corp. (NYSE:FSP) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. Analysts expect that Franklin Street Properties Corp. will post $1.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Friday, July 25th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Wednesday, July 23rd.

Franklin Street Properties Corp. (NYSE:FSP) is a real estate investment trust (REIT).

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