Franklin Street Properties (NYSEAMERICAN:FSP) Stock Price Up 7.7%

Shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) rose 7.7% during trading on Wednesday . The company traded as high as $8.25 and last traded at $8.07, approximately 837,765 shares traded hands during trading. An increase of 145% from the average daily volume of 342,109 shares. The stock had previously closed at $7.49.

FSP has been the subject of a number of research reports. Zacks Investment Research raised shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. B. Riley reissued a “buy” rating on shares of Franklin Street Properties in a research note on Monday, November 4th. BMO Capital Markets reissued a “sell” rating and set a $8.00 target price on shares of Franklin Street Properties in a research note on Thursday. Finally, Robert W. Baird cut shares of Franklin Street Properties from an “outperform” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.81.

Franklin Street Properties (NYSEAMERICAN:FSP) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $68.44 million.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Friday, January 24th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, January 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.50%.

Several hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Franklin Street Properties during the 4th quarter valued at about $148,000. UBS Asset Management Americas Inc. grew its stake in Franklin Street Properties by 10.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 377,516 shares of the real estate investment trust’s stock valued at $3,232,000 after acquiring an additional 34,803 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Franklin Street Properties by 31.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 86,283 shares of the real estate investment trust’s stock valued at $739,000 after acquiring an additional 20,783 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Franklin Street Properties by 99.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 366,626 shares of the real estate investment trust’s stock valued at $3,138,000 after acquiring an additional 183,149 shares in the last quarter. Finally, UBS Group AG grew its stake in Franklin Street Properties by 82.7% during the 4th quarter. UBS Group AG now owns 147,124 shares of the real estate investment trust’s stock valued at $1,260,000 after acquiring an additional 66,578 shares in the last quarter.

About Franklin Street Properties (NYSEAMERICAN:FSP)

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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