Stifel Nicolaus reiterated their hold rating on shares of Franklin Street Properties Corp. (AMEX:FSP) in a research note released on Thursday. They currently have a $10.00 price objective on the real estate investment trust’s stock.

FSP has been the subject of several other reports. BidaskClub downgraded shares of Franklin Street Properties Corp. from a hold rating to a sell rating in a report on Thursday, June 22nd. ValuEngine downgraded shares of Franklin Street Properties Corp. from a buy rating to a hold rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Franklin Street Properties Corp. from a sell rating to a hold rating in a report on Wednesday, June 14th. Janney Montgomery Scott initiated coverage on shares of Franklin Street Properties Corp. in a report on Friday, September 8th. They set a buy rating for the company. Finally, FBR & Co reaffirmed an outperform rating and set a $13.00 price objective on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $12.25.

Shares of Franklin Street Properties Corp. (AMEX:FSP) opened at 10.17 on Thursday. Franklin Street Properties Corp. has a 52 week low of $9.59 and a 52 week high of $13.27. The company has a 50 day moving average price of $10.01 and a 200 day moving average price of $11.11.

Franklin Street Properties Corp. (AMEX:FSP) last announced its quarterly earnings results 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 net margin of 25.44% and a negative return on equity of 7.52%. The firm had revenue of $68.37 million during the quarter, compared to the consensus estimate of $67.75 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts expect that Franklin Street Properties Corp. will post ($0.07) EPS for the current fiscal year.

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In other news, Director Kenneth A. Hoxsie acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased 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 owns 48,000 shares of the company’s stock, valued at $470,880. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian N. Hansen acquired 12,500 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average price of $9.96 per share, for a total transaction of $124,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 131,275 shares of company stock worth $1,299,392.

Several hedge funds have recently added to or reduced their stakes in FSP. BlackRock Inc. boosted its stake in shares of Franklin Street Properties Corp. by 9,781.9% during 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Franklin Street Properties Corp. by 1.9% during 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Franklin Street Properties Corp. by 58.7% during 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 in the last quarter. Laurion Capital Management LP bought a new stake in shares of Franklin Street Properties Corp. during the 2nd quarter valued at about $2,925,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Franklin Street Properties Corp. during the 2nd quarter valued at about $2,713,000.

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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