Franklin Street Properties Corp. (FSP) Receives $8.33 Consensus Target Price from Analysts

Shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) have been given an average rating of “Hold” by the six analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $8.33.

Several research firms recently weighed in on FSP. BMO Capital Markets reissued a “hold” rating and set a $8.00 price objective on shares of Franklin Street Properties in a report on Tuesday, February 12th. TheStreet downgraded Franklin Street Properties from a “c” rating to a “d+” rating in a report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st.

Shares of FSP traded up $0.01 during midday trading on Friday, hitting $7.67. The company’s stock had a trading volume of 200,487 shares, compared to its average volume of 349,459. Franklin Street Properties has a one year low of $5.87 and a one year high of $9.22.

Franklin Street Properties (NYSEAMERICAN:FSP) last issued its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.22). The firm had revenue of $66.58 million during the quarter, compared to the consensus estimate of $65.93 million.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Friday, April 19th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Wednesday, April 17th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSP. JNBA Financial Advisors acquired a new position in Franklin Street Properties during the 4th quarter worth about $62,000. First Citizens Bank & Trust Co. acquired a new position in Franklin Street Properties during the 4th quarter worth about $68,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Franklin Street Properties during the 4th quarter worth about $77,000. CAPROCK Group Inc. acquired a new position in Franklin Street Properties during the 1st quarter worth about $93,000. Finally, Two Sigma Securities LLC acquired a new position in Franklin Street Properties during the 4th quarter worth about $85,000.

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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