Shares of Franklin Street Properties Corp. (AMEX:FSP) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $12.50.

FSP has been the subject of several research analyst reports. BidaskClub downgraded Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. ValuEngine downgraded Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. FBR & Co restated an “outperform” rating and issued a $13.00 price target on shares of Franklin Street Properties Corp. in a research note on Tuesday, July 11th. Finally, Janney Montgomery Scott initiated coverage on Franklin Street Properties Corp. in a research note on Friday. They issued a “buy” rating for the company.

Franklin Street Properties Corp. (AMEX FSP) traded up 0.91% during mid-day trading on Friday, reaching $9.99. 36,067 shares of the company’s stock traded hands. Franklin Street Properties Corp. has a 12 month low of $9.59 and a 12 month high of $13.27. The firm’s 50-day moving average price is $10.16 and its 200 day moving average price is $11.26. The stock’s market capitalization is $1.07 billion.

Franklin Street Properties Corp. (AMEX:FSP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The company had revenue of $68.37 million during the quarter, compared to the consensus estimate of $67.75 million. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts predict that Franklin Street Properties Corp. will post ($0.07) EPS for the current year.

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

In related news, Director Brian N. Hansen purchased 12,500 shares of Franklin Street Properties Corp. stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $9.96 per share, for a total transaction of $124,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kenneth A. Hoxsie purchased 3,000 shares of Franklin Street Properties Corp. stock in a transaction on Friday, August 18th. The stock was bought at an average price of $9.81 per share, for a total transaction of $29,430.00. Following the transaction, the director now directly owns 48,000 shares in the company, valued at approximately $470,880. The disclosure for this purchase can be found here. Insiders acquired a total of 136,275 shares of company stock worth $1,356,042 in the last quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSP. BlackRock Inc. boosted its position in shares of Franklin Street Properties Corp. by 9,781.9% during the 1st quarter. BlackRock Inc. now owns 15,104,992 shares of the real estate investment trust’s stock valued at $183,375,000 after purchasing an additional 14,952,137 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Franklin Street Properties Corp. by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 17,070,051 shares of the real estate investment trust’s stock valued at $207,230,000 after purchasing an additional 312,378 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Franklin Street Properties Corp. by 58.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 823,060 shares of the real estate investment trust’s stock valued at $9,120,000 after purchasing an additional 304,281 shares in the last quarter. Laurion Capital Management LP bought a new stake in shares of Franklin Street Properties Corp. during the 2nd quarter valued at about $2,925,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Franklin Street Properties Corp. during the 2nd quarter valued at about $2,713,000.

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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.

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