Prudential Financial Inc. grew its holdings in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 18.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,155,062 shares of the real estate investment trust’s stock after buying an additional 331,950 shares during the quarter. Prudential Financial Inc.’s holdings in Franklin Street Properties Corp. were worth $22,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in shares of Franklin Street Properties Corp. by 8.2% during the second quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 700 shares during the last quarter. Shelton Capital Management acquired a new position in shares of Franklin Street Properties Corp. during the second quarter valued at about $111,000. Sei Investments Co. lifted its position in shares of Franklin Street Properties Corp. by 2,435.8% during the second quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 10,693 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Franklin Street Properties Corp. by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 113 shares in the last quarter. Finally, QS Investors LLC lifted its position in shares of Franklin Street Properties Corp. by 9.6% during the second quarter. QS Investors LLC now owns 13,985 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 1,220 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/11/17/prudential-financial-inc-has-22-89-million-stake-in-franklin-street-properties-corp-fsp.html.

In related news, Director Brian N. Hansen purchased 7,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average price of $9.94 per share, with a total value of $74,550.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis J. Mcgillicuddy purchased 100,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was bought at an average cost of $9.88 per share, with a total value of $988,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 122,045 shares of company stock valued at $1,207,050.

FSP has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Monday, November 6th. B. Riley reissued a “buy” rating on shares of Franklin Street Properties Corp. in a research report on Thursday, November 2nd. Janney Montgomery Scott initiated coverage on shares of Franklin Street Properties Corp. in a research report on Friday, September 8th. They issued a “buy” rating on the stock. ValuEngine raised shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Franklin Street Properties Corp. in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $11.75.

Franklin Street Properties Corp. (NYSEAMERICAN FSP) opened at $10.55 on Friday. Franklin Street Properties Corp. has a 12 month low of $9.59 and a 12 month high of $13.27.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 20th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.76 annualized dividend and a yield of 7.20%. Franklin Street Properties Corp.’s dividend payout ratio is currently -844.44%.

Franklin Street Properties Corp. 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.

Want to see what other hedge funds are holding FSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Street Properties Corp. (NYSEAMERICAN:FSP).

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

Receive News & Ratings for Franklin Street Properties Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties Corp. and related companies with MarketBeat.com's FREE daily email newsletter.