Chicago Capital LLC acquired a new position in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 53,193 shares of the real estate investment trust’s stock, valued at approximately $447,000.
A number of other institutional investors also recently modified their holdings of FSP. Zeke Capital Advisors LLC purchased a new position in Franklin Street Properties during the fourth quarter valued at $110,000. Verition Fund Management LLC acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at about $111,000. Virtu Financial LLC acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at about $114,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at about $141,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Franklin Street Properties in the fourth quarter valued at about $161,000.
Several research analysts have recently commented on FSP shares. Stifel Nicolaus raised shares of Franklin Street Properties from a “sell” rating to a “hold” rating and raised their price objective for the company from $6.50 to $8.00 in a research note on Thursday, May 31st. Zacks Investment Research upgraded shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Janney Montgomery Scott cut shares of Franklin Street Properties from a “buy” rating to a “neutral” rating in a research note on Monday, April 9th. BMO Capital Markets lowered shares of Franklin Street Properties from a “market perform” rating to an “underperform” rating and set a $8.00 target price on the stock. in a research report on Tuesday, February 27th. Finally, B. Riley lowered shares of Franklin Street Properties from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.50 to $10.00 in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.20.
NYSEAMERICAN:FSP traded down $0.03 during trading hours on Thursday, hitting $7.80. The stock had a trading volume of 378,000 shares, compared to its average volume of 469,775. Franklin Street Properties Corp. has a 1-year low of $7.08 and a 1-year high of $11.45.
Franklin Street Properties (NYSEAMERICAN:FSP) last released its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Franklin Street Properties had a negative net margin of 7.38% and a negative return on equity of 2.25%. The business had revenue of $66.89 million for the quarter, compared to analysts’ expectations of $66.26 million.
About Franklin Street Properties
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
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