Traders Buy High Volume of Franklin Street Properties Put Options (FSP)

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) saw unusually large options trading on Monday. Traders acquired 2,015 put options on the stock. This represents an increase of approximately 1,167% compared to the average daily volume of 159 put options.

Shares of NYSEAMERICAN FSP opened at $8.01 on Tuesday. Franklin Street Properties has a 1-year low of $5.87 and a 1-year high of $9.65.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Friday, January 25th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, January 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.49%.

A number of brokerages recently issued reports on FSP. B. Riley raised Franklin Street Properties from a “neutral” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Thursday, November 1st. Zacks Investment Research raised Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Monday, November 5th. Finally, BMO Capital Markets raised Franklin Street Properties from an “underperform” rating to a “market perform” rating in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.69.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund grew its position in Franklin Street Properties by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 70,171 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 2,701 shares during the last quarter. BlackRock Inc. grew its position in Franklin Street Properties by 2.7% during the 4th quarter. BlackRock Inc. now owns 18,622,637 shares of the real estate investment trust’s stock worth $116,020,000 after acquiring an additional 494,544 shares during the last quarter. Utah Retirement Systems grew its position in Franklin Street Properties by 10.5% during the 4th quarter. Utah Retirement Systems now owns 16,847 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,600 shares during the last quarter. Summit Global Investments bought a new position in Franklin Street Properties during the 4th quarter worth approximately $592,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Franklin Street Properties by 22.2% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,396 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 3,700 shares during the last quarter.

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Franklin Street Properties Company Profile

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.

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