HighTower Advisors LLC boosted its position in Franklin Street Properties Corp. (AMEX:FSP) by 21.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,222 shares of the real estate investment trust’s stock after buying an additional 8,067 shares during the period. HighTower Advisors LLC’s holdings in Franklin Street Properties Corp. were worth $501,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FSP. BlackRock Inc. grew its position in 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 buying an additional 14,952,137 shares during the last quarter. Vanguard Group Inc. boosted its position 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 worth $207,230,000 after purchasing an additional 312,378 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $9,120,000 after purchasing an additional 304,281 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Franklin Street Properties Corp. during the 2nd quarter worth $2,925,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Franklin Street Properties Corp. during the 2nd quarter worth $2,713,000.

Shares of Franklin Street Properties Corp. (AMEX:FSP) opened at 10.38 on Wednesday. The firm’s 50 day moving average is $10.24 and its 200 day moving average is $10.94. Franklin Street Properties Corp. has a 12 month low of $9.59 and a 12 month high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $68.37 million for the quarter, compared to analyst estimates 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 company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. On average, equities analysts forecast that Franklin Street Properties Corp. will post ($0.07) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 20th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend is Thursday, October 19th. Franklin Street Properties Corp.’s dividend payout ratio (DPR) is 330.43%.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub lowered shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. FBR & Co restated an “outperform” rating and set a $13.00 target price on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $10.00 target price on shares of Franklin Street Properties Corp. in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.67.

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In other Franklin Street Properties Corp. news, Director Kenneth A. Hoxsie purchased 3,000 shares of the stock in a transaction dated Friday, August 18th. The shares were bought at an average cost 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 $470,880. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Brian N. Hansen purchased 12,500 shares of the stock in a transaction dated Thursday, September 7th. The shares were acquired at an average cost of $9.96 per share, for a total transaction of $124,500.00. The disclosure for this purchase can be found here. Insiders have bought 131,275 shares of company stock worth $1,299,392 over the last three months.

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.

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Institutional Ownership by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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