Northern Trust Corp raised its stake in shares of Franklin Street Properties Corp. (AMEX:FSP) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,498,172 shares of the real estate investment trust’s stock after buying an additional 125,074 shares during the quarter. Northern Trust Corp owned about 3.26% of Franklin Street Properties Corp. worth $38,760,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Franklin Street Properties Corp. by 9,781.9% in the 1st quarter. BlackRock Inc. now owns 15,104,992 shares of the real estate investment trust’s stock valued at $183,375,000 after purchasing an additional 14,952,137 shares during the period. Vanguard Group Inc. grew its position in shares of Franklin Street Properties Corp. by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 17,070,051 shares of the real estate investment trust’s stock valued at $207,230,000 after purchasing an additional 312,378 shares during the period. JPMorgan Chase & Co. grew its position in shares of Franklin Street Properties Corp. by 58.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 823,060 shares of the real estate investment trust’s stock valued at $9,120,000 after purchasing an additional 304,281 shares during the period. Laurion Capital Management LP acquired a new position in shares of Franklin Street Properties Corp. in the 2nd quarter valued at approximately $2,925,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Franklin Street Properties Corp. in the 2nd quarter valued at approximately $2,713,000.

In other Franklin Street Properties Corp. news, Director Brian N. Hansen bought 7,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $9.94 per share, for a total transaction of $74,550.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth A. Hoxsie bought 3,000 shares of the stock in a transaction on Friday, August 18th. The stock was acquired 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 of the company’s stock, valued at approximately $470,880. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 131,275 shares of company stock valued at $1,299,392.

Several brokerages recently issued reports on FSP. Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 price objective on shares of Franklin Street Properties Corp. in a research report on Thursday, September 21st. Janney Montgomery Scott began coverage on Franklin Street Properties Corp. in a research report on Friday, September 8th. They issued a “buy” rating for the company. Zacks Investment Research lowered Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. FBR & Co reiterated an “outperform” rating and issued a $13.00 price objective on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research 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 issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.67.

Franklin Street Properties Corp. (AMEX:FSP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $68.37 million during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 20th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $0.76 dividend on an annualized basis and a yield of 7.22%. Franklin Street Properties Corp.’s payout ratio is currently 330.43%.

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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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