Franklin Street Properties Corp. (AMEX:FSP) Director Dennis J. Mcgillicuddy acquired 100,000 shares of Franklin Street Properties Corp. stock in a transaction on Thursday, August 31st. The stock was acquired at an average cost of $9.88 per share, for a total transaction of $988,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Franklin Street Properties Corp. (FSP) remained flat at $9.97 during trading on Friday. The company’s stock had a trading volume of 252,752 shares. Franklin Street Properties Corp. has a 12 month low of $9.69 and a 12 month high of $13.27. The stock has a 50 day moving average price of $10.30 and a 200 day moving average price of $11.33. The firm’s market cap is $1.07 billion.

Franklin Street Properties Corp. (AMEX:FSP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share 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 company had revenue of $68.37 million during the quarter, compared to analysts’ expectations of $67.75 million. During the same period in the prior year, the company posted $0.27 earnings per share. Franklin Street Properties Corp.’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Franklin Street Properties Corp. will post ($0.07) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Friday, July 21st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.65%. The ex-dividend date was Wednesday, July 19th. Franklin Street Properties Corp.’s dividend payout ratio (DPR) is presently 330.43%.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/01/franklin-street-properties-corp-fsp-director-acquires-988000-00-in-stock.html.

A number of equities analysts have issued reports on the stock. 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 reaffirmed an “outperform” rating and issued a $13.00 price objective 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 reduced their price objective for the company 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 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. The company currently has an average rating of “Hold” and a consensus price target of $13.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of Franklin Street Properties Corp. by 8.2% in the second quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 700 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Franklin Street Properties Corp. during the first quarter valued at about $110,000. Shelton Capital Management bought a new position in shares of Franklin Street Properties Corp. during the second quarter valued at about $111,000. Sei Investments Co. raised its position in shares of 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 valued at $123,000 after buying an additional 10,693 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Franklin Street Properties Corp. during the first quarter valued at about $153,000.

Franklin Street Properties Corp. Company Profile

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)

Receive News & Stock Ratings for Franklin Street Properties Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties Corp. and related stocks with our FREE daily email newsletter.