Swiss National Bank continued to hold its stake in Franklin Street Properties Corp. (AMEX:FSP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,863 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Swiss National Bank owned 0.16% of Franklin Street Properties Corp. worth $1,860,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Franklin Street Properties Corp. in the 1st quarter valued at approximately $110,000. Daiwa Securities Group Inc. increased its position in shares of Franklin Street Properties Corp. by 8.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 700 shares during the last quarter. Sei Investments Co. increased its position in shares of Franklin Street Properties Corp. by 2,435.8% in the 2nd quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 10,693 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Franklin Street Properties Corp. by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 113 shares during the last quarter. Finally, Eads & Heald Investment Counsel increased its position in shares of Franklin Street Properties Corp. by 2.2% in the 2nd quarter. Eads & Heald Investment Counsel now owns 14,475 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 310 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/10/07/swiss-national-bank-continues-to-hold-holdings-in-franklin-street-properties-corp-fsp.html.

Shares of Franklin Street Properties Corp. (AMEX FSP) opened at 10.62 on Friday. Franklin Street Properties Corp. has a 52 week low of $9.59 and a 52 week high of $13.27. The company’s 50-day moving average is $10.12 and its 200-day moving average is $10.99.

Franklin Street Properties Corp. (AMEX:FSP) last announced 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 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 the consensus estimate of $67.75 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities research analysts expect that Franklin Street Properties Corp. will post ($0.07) earnings per share for the current year.

Several brokerages have recently issued reports on FSP. BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Janney Montgomery Scott began coverage on shares of Franklin Street Properties Corp. in a report on Friday, September 8th. They issued a “buy” rating for the company. FBR & Co restated an “outperform” rating and issued a $13.00 target price on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.67.

In other news, Director Kenneth A. Hoxsie purchased 3,000 shares of Franklin Street Properties Corp. stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $9.81 per share, with a total value of $29,430.00. Following the completion of the acquisition, the director now owns 48,000 shares in the company, valued at approximately $470,880. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian N. Hansen purchased 7,500 shares of Franklin Street Properties Corp. stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average cost of $9.94 per share, with a total value of $74,550.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 131,275 shares of company stock valued at $1,299,392.

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.

Institutional Ownership 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.