Franklin Street Properties (FSP) Sees Unusually-High Trading Volume
Franklin Street Properties Corp. (NYSEAMERICAN:FSP) saw unusually-strong trading volume on Friday . Approximately 2,347,334 shares changed hands during trading, an increase of 472% from the previous session’s volume of 410,487 shares.The stock last traded at $10.65 and had previously closed at $10.63.
Several equities research analysts have recently commented on FSP shares. Zacks Investment Research raised Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 target price on shares of Franklin Street Properties in a report on Thursday, September 21st. ValuEngine downgraded Franklin Street Properties from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Janney Montgomery Scott started coverage on Franklin Street Properties in a report on Friday, September 8th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.75.
Franklin Street Properties (NYSEAMERICAN:FSP) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $67.30 million during the quarter, compared to the consensus estimate of $66.31 million. Franklin Street Properties had a return on equity of 0.85% and a net margin of 2.77%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS.
About Franklin Street Properties
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.
Receive News & Ratings for Franklin Street Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties and related companies with MarketBeat.com's FREE daily email newsletter.