Franklin Street Properties Corp. (FSP) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.75.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine upgraded Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Franklin Street Properties Corp. in a research note on Thursday, November 2nd. Stifel Nicolaus restated a “hold” rating and set a $10.00 price objective on shares of Franklin Street Properties Corp. in a research note on Thursday, September 21st. Finally, Janney Montgomery Scott started coverage on Franklin Street Properties Corp. in a research note on Friday, September 8th. They set a “buy” rating on the stock.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://stocknewstimes.com/2017/11/22/franklin-street-properties-corp-fsp-receives-consensus-recommendation-of-buy-from-brokerages.html.

Franklin Street Properties Corp. (NYSEAMERICAN FSP) opened at $10.78 on Wednesday. Franklin Street Properties Corp. has a twelve month low of $9.59 and a twelve month high of $13.27.

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The company had revenue of $67.30 million for the quarter, compared to analysts’ expectations of $66.31 million. During the same period last year, the business earned $0.26 EPS. Franklin Street Properties Corp.’s quarterly revenue was up 8.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 20th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.05%. The ex-dividend date was Thursday, October 19th. Franklin Street Properties Corp.’s dividend payout ratio is presently -844.44%.

In other news, Director Dennis J. Mcgillicuddy acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average price of $9.88 per share, with a total value of $988,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian N. Hansen acquired 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average cost of $9.96 per share, with a total value of $124,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 120,000 shares of company stock valued at $1,187,050.

Several institutional investors and hedge funds have recently modified their holdings of FSP. OppenheimerFunds Inc. boosted its position in shares of Franklin Street Properties Corp. by 46.7% during the 1st quarter. OppenheimerFunds Inc. now owns 17,895 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 5,697 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Franklin Street Properties Corp. by 4.5% during the 1st quarter. Geode Capital Management LLC now owns 961,847 shares of the real estate investment trust’s stock valued at $11,676,000 after acquiring an additional 41,617 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Franklin Street Properties Corp. by 9.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,422,333 shares of the real estate investment trust’s stock valued at $17,266,000 after acquiring an additional 125,594 shares during the last quarter. State Street Corp boosted its position in shares of Franklin Street Properties Corp. by 6.0% during the 1st quarter. State Street Corp now owns 3,991,539 shares of the real estate investment trust’s stock valued at $48,453,000 after acquiring an additional 225,648 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Franklin Street Properties Corp. by 1.5% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 76,318 shares of the real estate investment trust’s stock valued at $927,000 after acquiring an additional 1,151 shares during the last quarter.

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.

Analyst Recommendations for Franklin Street Properties Corp. (NYSEAMERICAN:FSP)

Receive News & Ratings for Franklin Street Properties Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply