Franklin Street Properties Corp. (NYSEAMERICAN:FSP) COO Eriel Anchondo acquired 2,430 shares of the stock in a transaction dated Friday, February 16th. The stock was acquired at an average price of $8.48 per share, with a total value of $20,606.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) opened at $8.62 on Wednesday. Franklin Street Properties Corp. has a 1-year low of $8.05 and a 1-year high of $12.84. The company has a market cap of $936.13, a price-to-earnings ratio of -57.47 and a beta of 0.67.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Friday, January 19th were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, January 18th. This represents a $0.76 dividend on an annualized basis and a yield of 8.82%. Franklin Street Properties’s dividend payout ratio is currently -506.67%.
FSP has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, November 6th. B. Riley restated a “buy” rating on shares of Franklin Street Properties in a report on Thursday, November 2nd. BMO Capital Markets set a $11.00 price objective on shares of Franklin Street Properties and gave the stock a “hold” rating in a report on Wednesday, February 14th. Stifel Nicolaus lowered shares of Franklin Street Properties from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $10.00 to $7.00 in a report on Wednesday, February 14th. Finally, BidaskClub upgraded shares of Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.83.
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About Franklin Street Properties
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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