Franklin Street Properties Corp. (NYSEAMERICAN:FSP) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,181,483 shares, a decrease of 4.1% from the February 15th total of 2,275,275 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 278,771 shares, the short-interest ratio is presently 7.8 days.

FSP has been the subject of a number of analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $8.00 price objective on shares of Franklin Street Properties in a research report on Tuesday, February 12th. TheStreet downgraded shares of Franklin Street Properties from a “c” rating to a “d+” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Franklin Street Properties has an average rating of “Hold” and an average target price of $8.69.

Shares of Franklin Street Properties stock opened at $7.22 on Thursday. Franklin Street Properties has a fifty-two week low of $5.87 and a fifty-two week high of $9.22.

Franklin Street Properties (NYSEAMERICAN:FSP) last issued its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.22). The business had revenue of $66.58 million for the quarter, compared to analyst estimates of $65.93 million.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Friday, January 25th were given a $0.09 dividend. The ex-dividend date was Thursday, January 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.99%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Franklin Street Properties by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 15,640,808 shares of the real estate investment trust’s stock worth $124,970,000 after purchasing an additional 169,731 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Franklin Street Properties by 38.2% during the 3rd quarter. GSA Capital Partners LLP now owns 94,223 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 26,063 shares during the last quarter. Vanguard Group Inc raised its position in shares of Franklin Street Properties by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 15,640,808 shares of the real estate investment trust’s stock worth $124,970,000 after purchasing an additional 169,731 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Franklin Street Properties during the 3rd quarter worth about $129,000. Finally, Prudential Financial Inc. raised its position in shares of Franklin Street Properties by 3.1% during the 3rd quarter. Prudential Financial Inc. now owns 2,351,786 shares of the real estate investment trust’s stock worth $18,791,000 after purchasing an additional 71,645 shares during the last quarter.

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About Franklin Street Properties

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.

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