FMR LLC maintained its stake in shares of Franklin Street Properties Corp. (AMEX:FSP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,500,000 shares of the real estate investment trust’s stock at the end of the first quarter. FMR LLC’s holdings in Franklin Street Properties Corp. were worth $42,490,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of Franklin Street Properties Corp. by 0.4% in the first quarter. Wells Fargo & Company MN now owns 106,583 shares of the real estate investment trust’s stock valued at $1,294,000 after buying an additional 431 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Franklin Street Properties Corp. by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 24,500 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 480 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Franklin Street Properties Corp. by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the real estate investment trust’s stock valued at $531,000 after buying an additional 600 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Franklin Street Properties Corp. by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 147,215 shares of the real estate investment trust’s stock valued at $1,788,000 after buying an additional 623 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Franklin Street Properties Corp. by 1.3% in the first quarter. Arizona State Retirement System now owns 55,901 shares of the real estate investment trust’s stock valued at $679,000 after buying an additional 700 shares during the last quarter.

Shares of Franklin Street Properties Corp. (FSP) traded up 0.79% during midday trading on Thursday, reaching $10.24. The company’s stock had a trading volume of 650,791 shares. The company has a 50-day moving average price of $10.92 and a 200-day moving average price of $11.73. Franklin Street Properties Corp. has a 12 month low of $10.05 and a 12 month high of $13.27. The firm’s market cap is $1.10 billion.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Friday, July 21st will be given 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 7.42%. Franklin Street Properties Corp.’s payout ratio is 330.43%.

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A number of equities research analysts have issued reports on FSP shares. ValuEngine cut Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research raised Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub cut Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. FBR & Co reaffirmed an “outperform” rating and set a $13.00 target price on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. Finally, 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 research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Franklin Street Properties Corp. currently has an average rating of “Hold” and a consensus price target of $13.00.

In related news, Director Kathryn P. O’neil bought 5,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was purchased at an average cost of $11.33 per share, for a total transaction of $56,650.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth A. Hoxsie bought 3,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were bought at an average price of $10.86 per share, with a total value of $32,580.00. Following the completion of the transaction, the director now owns 43,000 shares in the company, valued at approximately $466,980. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 15,840 shares of company stock valued at $176,081.

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 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.

Institutional Ownership by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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