Franklin Street Properties Corp. (AMEX:FSP) Director Brian N. Hansen acquired 12,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were purchased at an average price of $9.96 per share, with a total value of $124,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brian N. Hansen also recently made the following trade(s):

  • On Tuesday, September 5th, Brian N. Hansen purchased 7,500 shares of Franklin Street Properties Corp. stock. The shares were bought at an average price of $9.94 per share, with a total value of $74,550.00.

Shares of Franklin Street Properties Corp. (AMEX:FSP) remained flat at $9.90 during midday trading on Thursday. 332,266 shares of the stock traded hands. The firm’s market capitalization is $1.06 billion. The stock has a 50 day moving average price of $10.19 and a 200-day moving average price of $11.27. Franklin Street Properties Corp. has a 52 week low of $9.59 and a 52 week high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The company had revenue of $68.37 million during the quarter, compared to the consensus estimate of $67.75 million. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities analysts expect that Franklin Street Properties Corp. will post ($0.07) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Friday, July 21st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend was Wednesday, July 19th. Franklin Street Properties Corp.’s dividend payout ratio is currently 330.43%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/09/07/franklin-street-properties-corp-fsp-director-buys-124500-00-in-stock.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Miles Capital Inc. increased its stake in shares of Franklin Street Properties Corp. by 0.3% during the 1st quarter. Miles Capital Inc. now owns 17,752 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 48 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Franklin Street Properties Corp. by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 113 shares during the last quarter. Amalgamated Bank increased its stake in shares of Franklin Street Properties Corp. by 1.0% during the 2nd quarter. Amalgamated Bank now owns 14,310 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 137 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Franklin Street Properties Corp. by 0.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 53,916 shares of the real estate investment trust’s stock valued at $654,000 after acquiring an additional 216 shares during the last quarter. Finally, Eads & Heald Investment Counsel increased its stake in shares of Franklin Street Properties Corp. by 2.2% during the 2nd quarter. Eads & Heald Investment Counsel now owns 14,475 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 310 shares during the last quarter.

A number of brokerages have weighed in on FSP. 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 cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 24th. 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 reiterated an “outperform” rating and set a $13.00 price target 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, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.00.

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)

Receive News & Ratings for Franklin Street Properties Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties Corp. and related companies with MarketBeat.com's FREE daily email newsletter.