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

Shares of Franklin Street Properties Corp. (NYSEMKT:FSP) opened at 11.85 on Friday. Franklin Street Properties Corp. has a 12-month low of $8.67 and a 12-month high of $13.18. The stock has a 50 day moving average price of $12.44 and a 200-day moving average price of $11.87. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 52.20 and a beta of 0.84.

Franklin Street Properties Corp. (NYSEMKT:FSP) last posted its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company earned $59.45 million during the quarter, compared to the consensus estimate of $58.73 million. During the same quarter last year, the firm earned $0.27 EPS. Equities analysts anticipate that Franklin Street Properties Corp. will post $1.05 EPS for the current fiscal year.

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

In related news, Director Kenneth A. Hoxsie acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was purchased at an average price of $12.45 per share, for a total transaction of $99,600.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $498,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in Franklin Street Properties Corp. by 2.7% in the second quarter. Hsbc Holdings PLC now owns 13,540 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 351 shares in the last quarter. Arizona State Retirement System raised its stake in Franklin Street Properties Corp. by 1.5% in the second quarter. Arizona State Retirement System now owns 46,301 shares of the real estate investment trust’s stock worth $568,000 after buying an additional 700 shares in the last quarter. ProShare Advisors LLC raised its stake in Franklin Street Properties Corp. by 6.8% in the second quarter. ProShare Advisors LLC now owns 13,938 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 888 shares in the last quarter. Profund Advisors LLC raised its stake in Franklin Street Properties Corp. by 5.6% in the second quarter. Profund Advisors LLC now owns 29,024 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 1,532 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Franklin Street Properties Corp. by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 239,650 shares of the real estate investment trust’s stock worth $2,941,000 after buying an additional 2,310 shares in the last quarter.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. BMO Capital Markets restated a “market perform” rating and issued a $13.00 price objective (up previously from $12.51) on shares of Franklin Street Properties Corp. in a research report on Monday, August 22nd. Finally, Robert W. Baird upgraded shares of Franklin Street Properties Corp. from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $10.00 to $15.00 in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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.

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