New Mexico Educational Retirement Board maintained its stake in shares of Franklin Street Properties Corp. (AMEX:FSP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,261 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in Franklin Street Properties Corp. were worth $151,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FSP. Glenview Trust Co increased its stake in shares of Franklin Street Properties Corp. by 1.7% in the first quarter. Glenview Trust Co now owns 569,168 shares of the real estate investment trust’s stock valued at $6,910,000 after buying an additional 9,503 shares during the last quarter. IndexIQ Advisors LLC increased its stake in shares of Franklin Street Properties Corp. by 12.5% in the first quarter. IndexIQ Advisors LLC now owns 112,270 shares of the real estate investment trust’s stock valued at $1,363,000 after buying an additional 12,489 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Franklin Street Properties Corp. by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 103,332 shares of the real estate investment trust’s stock valued at $1,254,000 after buying an additional 866 shares during the last quarter. Eads & Heald Investment Counsel increased its stake in shares of Franklin Street Properties Corp. by 10.9% in the first quarter. Eads & Heald Investment Counsel now owns 14,165 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 1,395 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Franklin Street Properties Corp. by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 199,970 shares of the real estate investment trust’s stock valued at $2,425,000 after buying an additional 8,964 shares during the last quarter.

Shares of Franklin Street Properties Corp. (AMEX:FSP) opened at 9.77 on Friday. Franklin Street Properties Corp. has a 12-month low of $9.69 and a 12-month high of $13.27. The firm’s 50-day moving average price is $10.55 and its 200 day moving average price is $11.50.

Franklin Street Properties Corp. (AMEX:FSP) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $68.37 million during the quarter, compared to analysts’ expectations of $67.75 million. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities analysts forecast that Franklin Street Properties Corp. will post ($0.07) EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Friday, July 21st were issued a $0.19 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $0.76 annualized dividend and a yield of 7.78%. Franklin Street Properties Corp.’s dividend payout ratio (DPR) is 330.43%.

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Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Franklin Street Properties Corp. from a “sell” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, April 25th. Robert W. Baird downgraded Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $12.00 in a report on Thursday, May 4th. ValuEngine downgraded 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 restated an “outperform” rating and set a $13.00 price objective on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Franklin Street Properties Corp. has a consensus rating of “Hold” and an average target price of $13.00.

In other news, Director Kenneth A. Hoxsie purchased 3,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $9.81 per share, with a total value of $29,430.00. Following the acquisition, the director now directly owns 48,000 shares in the company, valued at approximately $470,880. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kathryn P. O’neil purchased 5,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was purchased at an average cost of $11.33 per share, with a total value of $56,650.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 14,230 shares of company stock valued at $148,992.

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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