California State Teachers Retirement System decreased its position in Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 185,186 shares of the real estate investment trust’s stock after selling 20,615 shares during the quarter. California State Teachers Retirement System’s holdings in Franklin Street Properties Corp. were worth $2,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its holdings in Franklin Street Properties Corp. by 1.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 159,104 shares of the real estate investment trust’s stock worth $1,763,000 after acquiring an additional 2,104 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Franklin Street Properties Corp. by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 80,990 shares of the real estate investment trust’s stock worth $897,000 after acquiring an additional 1,567 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Franklin Street Properties Corp. during the 2nd quarter worth about $225,000. State Street Corp grew its holdings in Franklin Street Properties Corp. by 3.0% during the 2nd quarter. State Street Corp now owns 4,111,492 shares of the real estate investment trust’s stock worth $45,554,000 after acquiring an additional 119,953 shares during the last quarter. Finally, Shelton Capital Management bought a new stake in Franklin Street Properties Corp. during the 2nd quarter worth about $111,000.

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Franklin Street Properties Corp. (NYSEAMERICAN:FSP) opened at $10.52 on Wednesday. Franklin Street Properties Corp. has a 52-week low of $9.59 and a 52-week high of $13.27.

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $66.31 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue was up 8.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 20th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, October 19th. This represents a $0.76 dividend on an annualized basis and a yield of 7.22%. Franklin Street Properties Corp.’s payout ratio is presently -844.44%.

In other news, Director Dennis J. Mcgillicuddy purchased 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average cost of $9.88 per share, for a total transaction of $988,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian N. Hansen purchased 12,500 shares of the business’s stock in a transaction that occurred 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. Over the last 90 days, insiders have acquired 126,045 shares of company stock worth $1,246,470.

A number of brokerages have commented on FSP. B. Riley reissued a “buy” rating on shares of Franklin Street Properties Corp. in a report on Thursday, November 2nd. BidaskClub raised shares of Franklin Street Properties Corp. from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. ValuEngine raised shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday, November 6th. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.75.

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. (NYSEAMERICAN:FSP)

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