Franklin Street Properties Corp. (NYSEAMERICAN:FSP) Director Kenneth A. Hoxsie bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $7.99 per share, for a total transaction of $15,980.00. Following the purchase, the director now directly owns 50,000 shares in the company, valued at approximately $399,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Franklin Street Properties Corp. (NYSEAMERICAN FSP) traded down $0.05 during midday trading on Friday, reaching $8.23. The company’s stock had a trading volume of 144,946 shares, compared to its average volume of 464,168. Franklin Street Properties Corp. has a 52 week low of $7.94 and a 52 week high of $12.71. The firm has a market cap of $895.38, a PE ratio of -56.27 and a beta of 0.84.
Franklin Street Properties (NYSEAMERICAN:FSP) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.30). The firm had revenue of $66.84 million for the quarter, compared to analyst estimates of $67.68 million. Franklin Street Properties had a negative return on equity of 2.25% and a negative net margin of 7.38%.
Several hedge funds have recently modified their holdings of the company. Zeke Capital Advisors LLC acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at approximately $110,000. Verition Fund Management LLC bought a new position in shares of Franklin Street Properties during the 4th quarter valued at $111,000. Virtu Financial LLC bought a new position in shares of Franklin Street Properties during the 4th quarter valued at $114,000. SeaCrest Wealth Management LLC bought a new position in Franklin Street Properties in the 4th quarter worth $141,000. Finally, Schroder Investment Management Group bought a new position in Franklin Street Properties in the 3rd quarter worth $144,000.
A number of equities analysts recently issued reports on the company. B. Riley cut Franklin Street Properties from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.50 to $10.00 in a report on Thursday, February 15th. BMO Capital Markets cut Franklin Street Properties from a “market perform” rating to an “underperform” rating and set a $8.00 target price for the company. in a report on Tuesday, February 27th. Zacks Investment Research lowered Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. BidaskClub raised Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus downgraded Franklin Street Properties from a “hold” rating to a “sell” rating and decreased their target price for the company from $10.00 to $7.00 in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.33.
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Franklin Street Properties 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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