Franklin Street Properties Corp. (AMEX:FSP) CFO John G. Demeritt bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $10.08 per share, for a total transaction of $10,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

John G. Demeritt also recently made the following trade(s):

  • On Thursday, May 11th, John G. Demeritt bought 1,000 shares of Franklin Street Properties Corp. stock. The stock was bought at an average cost of $10.85 per share, for a total transaction of $10,850.00.

Shares of Franklin Street Properties Corp. (AMEX:FSP) traded down 1.78% on Wednesday, reaching $9.93. 460,457 shares of the company’s stock were exchanged. The company’s market capitalization is $1.06 billion. Franklin Street Properties Corp. has a 12 month low of $9.74 and a 12 month high of $13.27. The firm’s 50 day moving average price is $10.83 and its 200-day moving average price is $11.70.

Franklin Street Properties Corp. (AMEX:FSP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $68.37 million for the quarter, compared to the consensus estimate of $67.75 million. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. On average, equities analysts anticipate that Franklin Street Properties Corp. will post $0.10 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, July 21st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $0.76 annualized dividend and a dividend yield of 7.65%. Franklin Street Properties Corp.’s payout ratio is 330.43%.

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Several equities research analysts recently issued reports on FSP shares. ValuEngine cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research raised shares of Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, FBR & Co reissued an “outperform” rating and issued a $13.00 target price on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.00.

Several large investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its stake in shares of Franklin Street Properties Corp. by 34.9% in the first quarter. Daiwa Securities Group Inc. now owns 8,500 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 2,200 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Franklin Street Properties Corp. during the first quarter valued at approximately $110,000. Sei Investments Co. boosted its stake in shares of Franklin Street Properties Corp. by 2,435.8% in the second quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 10,693 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Franklin Street Properties Corp. during the first quarter valued at approximately $153,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Franklin Street Properties Corp. by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 113 shares during the last quarter.

Franklin Street Properties Corp. Company Profile

Franklin Street Properties Corp. is a real estate investment trust (REIT). The Company is focused on commercial real estate investments primarily in office markets. The Company operates through the real estate operations segment. The Company’s investment objectives are to create shareholder value by increasing revenue from rental, dividend, interest and fee income and net gains from sales of properties, and increase the cash available for distribution in the form of dividends to its stockholders.

Insider Buying and Selling by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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