Franklin Street Properties Corp. (AMEX:FSP) Director Kenneth A. Hoxsie bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average price of $9.97 per share, with a total value of $19,940.00. Following the completion of the purchase, the director now owns 45,000 shares of the company’s stock, valued at $448,650. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Franklin Street Properties Corp. (AMEX:FSP) traded down 1.047% during trading on Friday, hitting $9.925. The stock had a trading volume of 267,699 shares. Franklin Street Properties Corp. has a one year low of $9.74 and a one year high of $13.27. The stock’s 50-day moving average price is $10.72 and its 200 day moving average price is $11.62. The stock’s market cap is $1.06 billion.

Franklin Street Properties Corp. (AMEX:FSP) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The firm had revenue of $68.37 million during the quarter, compared to analyst estimates of $67.75 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities analysts forecast that Franklin Street Properties Corp. will post $0.10 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Friday, July 21st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 7.58%. The ex-dividend date was Wednesday, July 19th. Franklin Street Properties Corp.’s dividend payout ratio (DPR) is presently 330.43%.

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A number of equities analysts have commented on the company. Zacks Investment Research downgraded Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Robert W. Baird downgraded Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $14.00 to $12.00 in a research note on Thursday, May 4th. ValuEngine downgraded Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. BidaskClub downgraded Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, FBR & Co restated an “outperform” rating and issued a $13.00 target price on shares of Franklin Street Properties Corp. in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.00.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Franklin Street Properties Corp. by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,296,739 shares of the real estate investment trust’s stock valued at $16,805,000 after buying an additional 69,167 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Franklin Street Properties Corp. by 3.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 145,554 shares of the real estate investment trust’s stock valued at $1,886,000 after buying an additional 5,154 shares during the last quarter. Teachers Advisors LLC raised its stake in Franklin Street Properties Corp. by 28.0% in the fourth quarter. Teachers Advisors LLC now owns 228,774 shares of the real estate investment trust’s stock valued at $2,965,000 after buying an additional 49,997 shares during the last quarter. Bank of Montreal Can raised its stake in Franklin Street Properties Corp. by 11.5% in the first quarter. Bank of Montreal Can now owns 24,998 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 2,576 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in 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.

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.

Insider Buying and Selling by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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