Franklin Street Properties Corp. (FSP) Given Average Recommendation of “Buy” by Brokerages

Shares of Franklin Street Properties Corp. (NASDAQ:FSP) have received an average broker rating score of 2.20 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company. Franklin Street Properties’ rating score has improved by 26.7% from 90 days ago as a result of various analysts’ ratings changes.

Brokerages have set a one year consensus price objective of $8.50 for the company and are forecasting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Franklin Street Properties an industry rank of 101 out of 257 based on the ratings given to its competitors.

Separately, B. Riley raised Franklin Street Properties from a “neutral” rating to a “buy” rating in a report on Thursday, November 1st.

FSP traded down $0.18 during midday trading on Monday, hitting $7.56. 282,430 shares of the company were exchanged, compared to its average volume of 401,931. Franklin Street Properties has a 1-year low of $6.93 and a 1-year high of $11.00.

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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