Franklin Street Properties Corp. (FSP) Sees Large Decline in Short Interest
Franklin Street Properties Corp. (NYSEAMERICAN:FSP) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,565,648 shares, a drop of 0.5% from the November 15th total of 1,574,060 shares. Based on an average daily volume of 382,983 shares, the short-interest ratio is presently 4.1 days. Currently, 1.5% of the shares of the company are sold short.
Franklin Street Properties (NYSEAMERICAN FSP) opened at $10.49 on Wednesday. Franklin Street Properties has a 1 year low of $9.59 and a 1 year high of $13.27.
Franklin Street Properties (NYSEAMERICAN:FSP) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $67.30 million during the quarter, compared to analyst estimates of $66.31 million. Franklin Street Properties had a net margin of 2.77% and a return on equity of 0.85%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS.
Several equities research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating on shares of Franklin Street Properties in a research note on Thursday, November 2nd. ValuEngine upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Janney Montgomery Scott began coverage on shares of Franklin Street Properties in a research note on Friday, September 8th. They issued a “buy” rating for the company. BidaskClub upgraded shares of Franklin Street Properties from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 price objective on shares of Franklin Street Properties in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $11.75.
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About Franklin Street Properties
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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