IndexIQ Advisors LLC boosted its position in Franklin Street Properties Corp. (AMEX:FSP) by 11.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 125,417 shares of the real estate investment trust’s stock after buying an additional 13,147 shares during the period. IndexIQ Advisors LLC owned 0.12% of Franklin Street Properties Corp. worth $1,390,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in Franklin Street Properties Corp. by 34.9% in the first quarter. Daiwa Securities Group Inc. now owns 8,500 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 2,200 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Franklin Street Properties Corp. during the first quarter worth approximately $110,000. Sei Investments Co. boosted its stake in Franklin Street Properties Corp. by 2,435.8% in the second quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 10,693 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Franklin Street Properties Corp. during the first quarter worth approximately $153,000. Finally, Neuberger Berman Group LLC boosted its stake in Franklin Street Properties Corp. by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 113 shares during the last quarter.

Shares of Franklin Street Properties Corp. (AMEX FSP) opened at 9.82 on Thursday. The firm’s 50-day moving average is $10.40 and its 200-day moving average is $11.41. Franklin Street Properties Corp. has a 1-year low of $9.59 and a 1-year high of $13.27.

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 for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The firm had revenue of $68.37 million for the quarter, compared to the consensus estimate of $67.75 million. During the same period in the previous year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts forecast that Franklin Street Properties Corp. will post ($0.07) earnings per share 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 paid a $0.19 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.74%. Franklin Street Properties Corp.’s dividend payout ratio (DPR) is presently 330.43%.

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A number of research firms have commented on FSP. ValuEngine cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. FBR & Co restated an “outperform” rating and set a $13.00 target price on shares of Franklin Street Properties Corp. in a research note on Tuesday, July 11th. Robert W. Baird cut shares of 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 note on Thursday, May 4th. Finally, BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.00.

In other Franklin Street Properties Corp. news, Director Kenneth A. Hoxsie purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average cost of $9.81 per share, for a total transaction of $29,430.00. Following the completion of the purchase, the director now directly owns 48,000 shares in the company, valued at $470,880. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathryn P. O’neil purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was acquired at an average price of $11.33 per share, for a total transaction of $56,650.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 16,275 shares of company stock worth $168,992.

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.

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

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