Franklin Street Properties Corp. (FSP) Short Interest Update

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 2,037,372 shares, an increase of 22.5% from the January 15th total of 1,663,321 shares. Based on an average daily trading volume, of 313,429 shares, the short-interest ratio is presently 6.5 days. Approximately 2.0% of the shares of the stock are short sold.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 5th. BMO Capital Markets upgraded shares of Franklin Street Properties from an “underperform” rating to a “market perform” rating in a research report on Friday, November 2nd. Finally, B. Riley upgraded shares of Franklin Street Properties from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Franklin Street Properties presently has a consensus rating of “Hold” and a consensus price target of $8.69.

Several hedge funds have recently made changes to their positions in the company. Utah Retirement Systems lifted its position in shares of Franklin Street Properties by 10.5% during the fourth quarter. Utah Retirement Systems now owns 16,847 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,600 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Franklin Street Properties by 18.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 16,700 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 2,600 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Franklin Street Properties by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 70,171 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 2,701 shares in the last quarter. Bollard Group LLC lifted its position in shares of Franklin Street Properties by 3.6% during the fourth quarter. Bollard Group LLC now owns 106,455 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 3,686 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Franklin Street Properties by 22.2% during the fourth 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 purchasing an additional 3,700 shares in the last quarter.

Shares of FSP stock traded up $0.19 during trading hours on Monday, reaching $8.01. 214,900 shares of the company were exchanged, compared to its average volume of 364,825. Franklin Street Properties has a fifty-two week low of $5.87 and a fifty-two week high of $9.65.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Friday, January 25th will be given 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%.

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About Franklin Street Properties

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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