Franklin Street Properties Corp. (AMEX:FSP) Director Kenneth A. Hoxsie bought 3,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $9.81 per share, with a total value of $29,430.00. Following the completion of the transaction, the director now directly owns 48,000 shares in the company, valued at approximately $470,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Franklin Street Properties Corp. (AMEX FSP) traded down 1.357% during trading on Friday, hitting $9.815. The stock had a trading volume of 386,165 shares. The company has a 50-day moving average of $10.59 and a 200 day moving average of $11.52. Franklin Street Properties Corp. has a 52 week low of $9.69 and a 52 week high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $68.37 million during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Analysts anticipate that Franklin Street Properties Corp. will post ($0.07) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Friday, July 21st were paid a $0.19 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $0.76 annualized dividend and a dividend yield of 7.64%. Franklin Street Properties Corp.’s payout ratio is 330.43%.

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Several equities analysts have recently issued reports on FSP shares. Zacks Investment Research upgraded Franklin Street Properties Corp. from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, April 25th. ValuEngine upgraded Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Robert W. Baird lowered Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $14.00 to $12.00 in a research report on Thursday, May 4th. FBR & Co restated an “outperform” rating and set a $13.00 target price on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. Finally, BidaskClub lowered Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Franklin Street Properties Corp. currently has an average rating of “Hold” and a consensus target price of $13.00.

Several large investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its stake in shares of Franklin Street Properties Corp. by 3.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 145,554 shares of the real estate investment trust’s stock valued at $1,886,000 after buying an additional 5,154 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Franklin Street Properties Corp. by 28.0% in the fourth quarter. Teachers Advisors LLC now owns 228,774 shares of the real estate investment trust’s stock valued at $2,965,000 after buying an additional 49,997 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Franklin Street Properties Corp. by 11.5% in the first quarter. Bank of Montreal Can now owns 24,998 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 2,576 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Franklin Street Properties Corp. by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the real estate investment trust’s stock valued at $531,000 after buying an additional 600 shares during the last quarter. Finally, Bollard Group LLC boosted its stake in shares of Franklin Street Properties Corp. by 15.2% in the first quarter. Bollard Group LLC now owns 99,429 shares of the real estate investment trust’s stock valued at $1,207,000 after buying an additional 13,089 shares during the last quarter.

About Franklin Street Properties Corp.

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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