Franklin Street Properties Sees Unusually Large Options Volume (FSP)

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) was the recipient of some unusual options trading on Thursday. Traders purchased 1,010 put options on the company. This is an increase of approximately 1,284% compared to the typical daily volume of 73 put options.

FSP stock opened at $7.37 on Friday. Franklin Street Properties has a 52 week low of $5.87 and a 52 week high of $9.22.

Franklin Street Properties (NYSEAMERICAN:FSP) last announced 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 consensus estimate of $0.23 by ($0.22). The company had revenue of $66.58 million during the quarter, compared to analysts’ expectations of $65.93 million.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Friday, January 25th were issued a $0.09 dividend. The ex-dividend date was Thursday, January 24th. This represents a $0.36 annualized dividend and a yield of 4.88%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Franklin Street Properties by 2.7% in the 4th quarter. BlackRock Inc. now owns 18,622,637 shares of the real estate investment trust’s stock valued at $116,020,000 after purchasing an additional 494,544 shares in the last quarter. Vanguard Group Inc boosted its position in Franklin Street Properties by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 15,640,808 shares of the real estate investment trust’s stock valued at $124,970,000 after buying an additional 169,731 shares during the last quarter. Vanguard Group Inc. boosted its position in Franklin Street Properties by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 15,640,808 shares of the real estate investment trust’s stock valued at $124,970,000 after buying an additional 169,731 shares during the last quarter. LSV Asset Management boosted its position in Franklin Street Properties by 0.5% in the 4th quarter. LSV Asset Management now owns 5,192,305 shares of the real estate investment trust’s stock valued at $32,348,000 after buying an additional 27,400 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Franklin Street Properties by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 2,382,365 shares of the real estate investment trust’s stock valued at $14,842,000 after buying an additional 30,579 shares during the last quarter.

A number of equities research analysts recently issued reports on FSP shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $8.00 target price on shares of Franklin Street Properties in a research note 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Franklin Street Properties currently has an average rating of “Hold” and a consensus price target of $8.69.

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Franklin Street Properties Company Profile

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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