Franklin Street Properties Corp. (NYSEMKT:FSP) announced a dividend on Friday, October 7th. Stockholders of record on Friday, October 21st will be paid a dividend of 0.19 per share by the real estate investment trust on Thursday, November 10th. The ex-dividend date of this dividend is Wednesday, October 19th.

Shares of Franklin Street Properties Corp. (NYSEMKT:FSP) opened at 11.85 on Friday. Franklin Street Properties Corp. has a 52 week low of $8.67 and a 52 week high of $13.18. The stock has a 50 day moving average of $12.44 and a 200-day moving average of $11.87. The stock has a market capitalization of $1.19 billion, a PE ratio of 52.20 and a beta of 0.84.

Franklin Street Properties Corp. (NYSEMKT:FSP) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm earned $59.45 million during the quarter, compared to analysts’ expectations of $58.73 million. During the same period in the previous year, the firm earned $0.27 EPS. On average, equities research analysts expect that Franklin Street Properties Corp. will post $1.05 EPS for the current year.

Dividend History for Franklin Street Properties Corp. (NYSEMKT:FSP)

In other Franklin Street Properties Corp. news, Director Kenneth A. Hoxsie acquired 8,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average cost of $12.45 per share, for a total transaction of $99,600.00. Following the purchase, the director now owns 40,000 shares in the company, valued at approximately $498,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hedge funds have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in shares of Franklin Street Properties Corp. by 6.9% in the second quarter. BlackRock Fund Advisors now owns 6,002,684 shares of the real estate investment trust’s stock valued at $73,653,000 after buying an additional 387,986 shares during the last quarter. State Street Corp boosted its stake in shares of Franklin Street Properties Corp. by 3.4% in the second quarter. State Street Corp now owns 2,999,255 shares of the real estate investment trust’s stock valued at $36,800,000 after buying an additional 99,047 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Franklin Street Properties Corp. by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,215,072 shares of the real estate investment trust’s stock valued at $14,909,000 after buying an additional 9,275 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Franklin Street Properties Corp. by 12.8% in the second quarter. BlackRock Investment Management LLC now owns 436,927 shares of the real estate investment trust’s stock valued at $5,361,000 after buying an additional 49,730 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Franklin Street Properties Corp. by 16.4% in the second quarter. Parametric Portfolio Associates LLC now owns 385,435 shares of the real estate investment trust’s stock valued at $4,729,000 after buying an additional 54,212 shares during the last quarter.

FSP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, July 12th. BMO Capital Markets reiterated a “market perform” rating and issued a $13.00 target price (up from $12.51) on shares of Franklin Street Properties Corp. in a research note on Monday, August 22nd. Finally, Robert W. Baird upgraded shares of Franklin Street Properties Corp. from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $10.00 to $15.00 in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.63.

About Franklin Street Properties Corp.

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’s segment is real estate operations. The Company owns and operates a portfolio of real estate consisting of approximately 40 office properties.

Receive News & Stock 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 stocks with our FREE daily email newsletter.