LSV Asset Management decreased its stake in shares of Franklin Street Properties Corp. (AMEX:FSP) by 0.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,450,163 shares of the real estate investment trust’s stock after selling 14,600 shares during the period. LSV Asset Management owned 3.22% of Franklin Street Properties Corp. worth $38,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. purchased a new stake in Franklin Street Properties Corp. during the 1st quarter worth about $153,000. Virginia Retirement Systems ET AL lifted its holdings in Franklin Street Properties Corp. by 80.9% during the 1st quarter. Virginia Retirement Systems ET AL now owns 231,000 shares of the real estate investment trust’s stock worth $2,804,000 after purchasing an additional 103,300 shares in the last quarter. Bollard Group LLC lifted its holdings in Franklin Street Properties Corp. by 1.7% during the 2nd quarter. Bollard Group LLC now owns 101,096 shares of the real estate investment trust’s stock worth $1,120,000 after purchasing an additional 1,667 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Franklin Street Properties Corp. during the 1st quarter worth about $459,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in Franklin Street Properties Corp. by 2.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 154,191 shares of the real estate investment trust’s stock worth $1,872,000 after purchasing an additional 4,034 shares in the last quarter.

Franklin Street Properties Corp. (FSP) opened at 9.94 on Monday. The company’s market capitalization is $1.07 billion. The firm has a 50-day moving average price of $10.14 and a 200-day moving average price of $11.25. Franklin Street Properties Corp. has a 52 week low of $9.59 and a 52 week high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The business had revenue of $68.37 million for the quarter, compared to the consensus estimate of $67.75 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. Analysts anticipate that Franklin Street Properties Corp. will post ($0.07) EPS for the current fiscal year.

A number of brokerages recently issued reports on FSP. Zacks Investment Research raised Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. FBR & Co reissued an “outperform” rating and set a $13.00 price objective on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. Janney Montgomery Scott began coverage on Franklin Street Properties Corp. in a report on Friday. They set a “buy” rating on the stock. ValuEngine upgraded Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, BidaskClub lowered 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 three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $13.00.

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In other Franklin Street Properties Corp. news, Director Kathryn P. O’neil acquired 5,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average cost of $11.33 per share, for a total transaction of $56,650.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth A. Hoxsie acquired 3,000 shares of the stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $9.81 per share, for a total transaction of $29,430.00. Following the completion of the transaction, the director now directly owns 48,000 shares of the company’s stock, valued at $470,880. The disclosure for this purchase can be found here. Insiders bought 136,275 shares of company stock worth $1,356,042 over the last 90 days.

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)

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