Systematic Financial Management LP Takes $1.64 Million Position in Franklin Street Properties Corp. (NYSEAMERICAN:FSP)

Systematic Financial Management LP purchased a new stake in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 154,285 shares of the real estate investment trust’s stock, valued at approximately $1,639,000. Systematic Financial Management LP owned approximately 0.14% of Franklin Street Properties as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new position in Franklin Street Properties during the second quarter valued at $2,713,000. BNP Paribas Arbitrage SA increased its position in Franklin Street Properties by 20.3% during the second quarter. BNP Paribas Arbitrage SA now owns 73,310 shares of the real estate investment trust’s stock valued at $812,000 after acquiring an additional 12,358 shares during the last quarter. First Trust Advisors LP increased its position in Franklin Street Properties by 164.8% during the second quarter. First Trust Advisors LP now owns 125,192 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 77,915 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in Franklin Street Properties by 10.6% during the second quarter. Virginia Retirement Systems ET AL now owns 255,600 shares of the real estate investment trust’s stock valued at $2,832,000 after acquiring an additional 24,600 shares during the last quarter. Finally, Private Management Group Inc. increased its position in Franklin Street Properties by 4.5% during the third quarter. Private Management Group Inc. now owns 1,455,487 shares of the real estate investment trust’s stock valued at $15,457,000 after acquiring an additional 62,887 shares during the last quarter.

A number of research analysts have recently commented on FSP shares. Zacks Investment Research upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday, November 6th. Janney Montgomery Scott started coverage on shares of Franklin Street Properties in a report on Friday, September 8th. They issued a “buy” rating on the stock. ValuEngine cut shares of Franklin Street Properties from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $10.00 price target on shares of Franklin Street Properties in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $11.75.

Shares of Franklin Street Properties Corp. (NYSEAMERICAN FSP) traded down $0.19 during trading on Wednesday, reaching $10.68. 213,600 shares of the company’s stock traded hands, compared to its average volume of 405,140. Franklin Street Properties Corp. has a one year low of $9.59 and a one year high of $13.27.

Franklin Street Properties (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 the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $67.30 million for the quarter, compared to analysts’ expectations of $66.31 million. Franklin Street Properties had a net margin of 2.77% and a return on equity of 0.85%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders 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 7.12%. The ex-dividend date of this dividend was Thursday, October 19th. Franklin Street Properties’s payout ratio is -844.44%.

In other news, Director Brian N. Hansen purchased 12,500 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $9.96 per share, with a total value of $124,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Franklin Street Properties 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.

Institutional Ownership by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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