Franklin Street Properties Corp. (FSP) Stake Increased by RMR Advisors LLC

RMR Advisors LLC grew its stake in Franklin Street Properties Corp. (AMEX:FSP) by 39.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,269 shares of the real estate investment trust’s stock after acquiring an additional 21,569 shares during the quarter. RMR Advisors LLC owned 0.07% of Franklin Street Properties Corp. worth $810,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in shares of Franklin Street Properties Corp. by 8.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 700 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Franklin Street Properties Corp. in the 2nd quarter valued at about $111,000. Sei Investments Co. increased its stake in shares of Franklin Street Properties Corp. by 2,435.8% in the 2nd quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 10,693 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Franklin Street Properties Corp. by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 113 shares during the last quarter. Finally, QS Investors LLC increased its stake in shares of Franklin Street Properties Corp. by 9.6% in the 2nd quarter. QS Investors LLC now owns 13,985 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 1,220 shares during the last quarter.

In other Franklin Street Properties Corp. news, Director Kenneth A. Hoxsie bought 3,000 shares of the stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $29,430.00. Following the completion of the acquisition, the director now owns 48,000 shares in the company, valued at approximately $470,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian N. Hansen bought 7,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was acquired at an average price of $9.94 per share, with a total value of $74,550.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 131,275 shares of company stock valued at $1,299,392.

A number of analysts have recently commented on FSP shares. Zacks Investment Research raised Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine raised Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. FBR & Co reaffirmed 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. Janney Montgomery Scott started coverage on Franklin Street Properties Corp. in a research note on Friday, September 8th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price target on shares of Franklin Street Properties Corp. in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.67.

Shares of Franklin Street Properties Corp. (FSP) opened at 10.03 on Wednesday. Franklin Street Properties Corp. has a 52 week low of $9.59 and a 52 week high of $13.27. The stock has a 50 day moving average price of $10.28 and a 200-day moving average price of $10.76.

Franklin Street Properties Corp. (AMEX:FSP) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.24. The business had revenue of $67.30 million during the quarter, compared to the consensus estimate of $66.31 million. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. On average, analysts predict that Franklin Street Properties Corp. will post ($0.07) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 20th will be issued a $0.19 dividend. The ex-dividend date is Thursday, October 19th. This represents a $0.76 dividend on an annualized basis and a yield of 7.60%. Franklin Street Properties Corp.’s payout ratio is currently 330.43%.

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Franklin Street Properties Corp. 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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Institutional Ownership by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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