Franklin Street Properties Corp. (AMEX:FSP) Receives $12.67 Consensus Target Price from Analysts

Franklin Street Properties Corp. (AMEX:FSP) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.67.

FSP has been the topic of a number of recent research reports. Zacks Investment Research cut Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Robert W. Baird cut Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $14.00 to $12.00 in a report on Thursday, May 4th. ValuEngine cut Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. BidaskClub downgraded Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, FBR & Co reiterated an “outperform” rating and set a $13.00 price target on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th.

In other Franklin Street Properties Corp. news, Director Kenneth A. Hoxsie purchased 3,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were acquired at an average price of $10.86 per share, for a total transaction of $32,580.00. Following the completion of the acquisition, the director now owns 43,000 shares of the company’s stock, valued at approximately $466,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathryn P. O’neil purchased 5,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $11.33 per share, for a total transaction of $56,650.00. The disclosure for this purchase can be found here. Insiders have bought 18,070 shares of company stock worth $198,983 in the last quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of FSP. Daiwa Securities Group Inc. raised its position in shares of Franklin Street Properties Corp. by 8.2% in the second quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 700 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Franklin Street Properties Corp. during the first quarter worth $110,000. Sei Investments Co. raised its position in shares of Franklin Street Properties Corp. by 2,435.8% in the second quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 10,693 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Franklin Street Properties Corp. during the first quarter worth $153,000. Finally, Neuberger Berman Group LLC raised its position in shares of Franklin Street Properties Corp. by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 113 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: This piece was posted by BNB Daily and is the sole property of of BNB Daily. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/franklin-street-properties-corp-amexfsp-receives-12-67-consensus-target-price-from-analysts-updated.html.

Franklin Street Properties Corp. (FSP) traded down 0.10% during mid-day trading on Friday, hitting $10.11. The company had a trading volume of 395,119 shares. The company’s market cap is $1.08 billion. Franklin Street Properties Corp. has a one year low of $10.04 and a one year high of $13.27. The company’s 50 day moving average price is $10.92 and its 200-day moving average price is $11.73.

Franklin Street Properties Corp. (AMEX:FSP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $68.37 million for the quarter, compared to analysts’ expectations of $67.75 million. Franklin Street Properties Corp. had a return on equity of 1.88% and a net margin of 6.52%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. Equities research analysts anticipate that Franklin Street Properties Corp. will post $0.10 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Friday, July 21st will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, July 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.52%. Franklin Street Properties Corp.’s dividend payout ratio is 330.43%.

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.

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