Franklin Street Properties Corp. Announces Quarterly Dividend of $0.09 (FSP)

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) announced a quarterly dividend on Monday, October 8th, Wall Street Journal reports. Stockholders of record on Friday, October 19th will be given a dividend of 0.09 per share by the real estate investment trust on Thursday, November 8th. This represents a $0.36 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Thursday, October 18th.

Franklin Street Properties has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings.

FSP opened at $7.10 on Friday. Franklin Street Properties has a 52-week low of $7.05 and a 52-week high of $11.00.

Franklin Street Properties (NYSEAMERICAN:FSP) last released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.23). The company had revenue of $66.69 million for the quarter, compared to the consensus estimate of $65.67 million. Franklin Street Properties had a negative return on equity of 2.25% and a negative net margin of 7.38%.

FSP has been the subject of several research analyst reports. Zacks Investment Research cut Franklin Street Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Robert W. Baird raised Franklin Street Properties from a “neutral” rating to an “outperform” rating in a research report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.94.

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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Dividend History for Franklin Street Properties (NYSEAMERICAN:FSP)

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