Stratos Wealth Partners LTD. maintained its position in Franklin Street Properties Corp. (AMEX:FSP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,640 shares of the real estate investment trust’s stock at the end of the second quarter. Stratos Wealth Partners LTD.’s holdings in Franklin Street Properties Corp. were worth $140,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in FSP. Virginia Retirement Systems ET AL boosted its position in Franklin Street Properties Corp. by 80.9% in the first quarter. Virginia Retirement Systems ET AL now owns 231,000 shares of the real estate investment trust’s stock worth $2,804,000 after buying an additional 103,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Franklin Street Properties Corp. by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,296,739 shares of the real estate investment trust’s stock worth $16,805,000 after buying an additional 69,167 shares in the last quarter. Breton Hill Capital Ltd. boosted its position in Franklin Street Properties Corp. by 3.8% in the first quarter. Breton Hill Capital Ltd. now owns 27,817 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 1,027 shares in the last quarter. Karp Capital Management Corp bought a new position in Franklin Street Properties Corp. during the first quarter worth approximately $459,000. Finally, Great West Life Assurance Co. Can boosted its position in Franklin Street Properties Corp. by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 199,970 shares of the real estate investment trust’s stock worth $2,425,000 after buying an additional 8,964 shares in the last quarter.
Franklin Street Properties Corp. (AMEX:FSP) opened at 10.02 on Friday. The firm has a 50-day moving average of $10.69 and a 200-day moving average of $11.60. Franklin Street Properties Corp. has a 1-year low of $9.74 and a 1-year high of $13.27.
Franklin Street Properties Corp. (AMEX:FSP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $68.37 million for the quarter, compared to analysts’ expectations of $67.75 million. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Equities analysts anticipate that Franklin Street Properties Corp. will post $0.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Friday, July 21st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.58%. The ex-dividend date of this dividend was Wednesday, July 19th. Franklin Street Properties Corp.’s payout ratio is currently 330.43%.
A number of equities analysts have commented on FSP shares. Robert W. Baird cut shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $12.00 in a research note on Thursday, May 4th. BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Franklin Street Properties Corp. from a “sell” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, April 25th. ValuEngine cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, FBR & Co reissued 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.00.
In related news, Director Kathryn P. O’neil acquired 5,000 shares of Franklin Street Properties Corp. stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $11.33 per share, for a total transaction of $56,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have bought 17,070 shares of company stock worth $185,573.
Franklin Street Properties Corp. 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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