Franklin Street Properties Corp. (FSP) Given Consensus Recommendation of “Buy” by Brokerages

Franklin Street Properties Corp. (NASDAQ:FSP) has been given an average broker rating score of 2.20 (Buy) from the five brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company. Franklin Street Properties’ rating score has improved by 26.7% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus price objective of $8.50 for the company and are predicting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given Franklin Street Properties an industry rank of 101 out of 257 based on the ratings given to its competitors.

Separately, B. Riley upgraded Franklin Street Properties from a “neutral” rating to a “buy” rating in a research note on Thursday, November 1st.

Shares of NASDAQ FSP traded down $0.18 during midday trading on Monday, reaching $7.56. The company’s stock had a trading volume of 282,430 shares, compared to its average volume of 401,931. Franklin Street Properties has a 12-month low of $6.93 and a 12-month high of $11.00.

Franklin Street Properties Company Profile

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.

Further Reading: NASDAQ

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