Advisors Asset Management Inc. Has $393,000 Stake in Franklin Street Properties Corp. (FSP)

Advisors Asset Management Inc. lessened its stake in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 40.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,041 shares of the real estate investment trust’s stock after selling 24,715 shares during the period. Advisors Asset Management Inc.’s holdings in Franklin Street Properties were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in Franklin Street Properties 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 buying an additional 700 shares during the period. Shelton Capital Management purchased a new stake in Franklin Street Properties in the 2nd quarter valued at about $111,000. Sei Investments Co. raised its holdings in Franklin Street Properties 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 buying an additional 10,693 shares during the period. QS Investors LLC raised its holdings in Franklin Street Properties 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 buying an additional 1,220 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in Franklin Street Properties 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 buying an additional 113 shares during the period.

In related news, Director Brian N. Hansen acquired 12,500 shares of the stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of $9.96 per share, with a total value of $124,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Several analysts recently issued reports on FSP shares. Zacks Investment Research upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Monday, November 6th. B. Riley restated a “buy” rating on shares of Franklin Street Properties in a report on Thursday, November 2nd. Janney Montgomery Scott started coverage on shares of Franklin Street Properties in a report on Friday, September 8th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $10.00 price objective on shares of Franklin Street Properties in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.75.

Shares of Franklin Street Properties Corp. (FSP) traded down $0.19 during trading hours on Wednesday, reaching $10.68. 213,600 shares of the company’s stock were exchanged, compared to its average volume of 405,140. Franklin Street Properties Corp. has a one year low of $9.59 and a one year high of $13.27.

Franklin Street Properties (NYSEAMERICAN:FSP) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.26. The company had revenue of $67.30 million for 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 20th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, October 19th. This represents a $0.76 dividend on an annualized basis and a yield of 7.12%. Franklin Street Properties’s dividend payout ratio (DPR) is presently -844.44%.

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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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Institutional Ownership by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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