Franklin Street Properties (NYSEAMERICAN:FSP) was downgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
FSP has been the topic of several other reports. Zacks Investment Research upgraded Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BMO Capital Markets set a $11.00 target price on Franklin Street Properties and gave the stock a “hold” rating in a research note on Wednesday. B. Riley restated a “buy” rating on shares of Franklin Street Properties in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded Franklin Street Properties from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.60.
Shares of Franklin Street Properties (NYSEAMERICAN FSP) traded down $0.98 during mid-day trading on Wednesday, reaching $8.55. The company had a trading volume of 1,436,390 shares, compared to its average volume of 430,567. Franklin Street Properties has a 1 year low of $8.55 and a 1 year high of $12.84. The stock has a market cap of $1,040.00, a P/E ratio of -95.00 and a beta of 0.67.
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Franklin Street Properties 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.
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