Stock analysts at Janney Montgomery Scott began coverage on shares of Franklin Street Properties Corp. (AMEX:FSP) in a research note issued to investors on Friday, The Fly reports. The brokerage set a “buy” rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. FBR & Co reiterated an “outperform” rating and issued a $13.00 target price on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. ValuEngine upgraded Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub downgraded Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Franklin Street Properties Corp. has a consensus rating of “Hold” and an average target price of $13.00.

Franklin Street Properties Corp. (FSP) opened at 9.90 on Friday. The stock has a 50 day moving average price of $10.16 and a 200 day moving average price of $11.26. The company’s market capitalization is $1.06 billion. 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 released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $68.37 million during the quarter, compared to analyst estimates 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%. Franklin Street Properties Corp.’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. On average, equities analysts expect that Franklin Street Properties Corp. will post ($0.07) earnings per share for the current year.

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In other Franklin Street Properties Corp. news, Director Dennis J. Mcgillicuddy purchased 100,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was bought at an average cost of $9.88 per share, with a total value of $988,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian N. Hansen purchased 7,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average cost of $9.94 per share, with a total value of $74,550.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 136,275 shares of company stock valued at $1,356,042 over the last ninety days.

A number of hedge funds and other institutional investors have recently made changes to their positions in FSP. BlackRock Inc. lifted its holdings in 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 worth $183,375,000 after buying an additional 14,952,137 shares during the last quarter. Vanguard Group Inc. lifted its holdings in 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 worth $207,230,000 after buying an additional 312,378 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 worth $9,120,000 after buying an additional 304,281 shares during the last quarter. Laurion Capital Management LP purchased a new stake in Franklin Street Properties Corp. during the 2nd quarter worth about $2,925,000. Finally, Marshall Wace North America L.P. purchased a new stake in Franklin Street Properties Corp. during the 2nd quarter worth about $2,713,000.

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.

The Fly

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