California Public Employees Retirement System increased its position in Franklin Street Properties Corp. (NYSEMKT:FSP) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 349,293 shares of the real estate investment trust’s stock after buying an additional 10,200 shares during the period. California Public Employees Retirement System owned 0.35% of Franklin Street Properties Corp. worth $4,286,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in Franklin Street Properties Corp. by 1.3% in the first quarter. BlackRock Fund Advisors now owns 5,614,698 shares of the real estate investment trust’s stock valued at $59,572,000 after buying an additional 72,830 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Franklin Street Properties Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,494,644 shares of the real estate investment trust’s stock valued at $37,078,000 after buying an additional 39,109 shares in the last quarter. Prudential Financial Inc. boosted its stake in Franklin Street Properties Corp. by 1.6% in the first quarter. Prudential Financial Inc. now owns 3,110,414 shares of the real estate investment trust’s stock valued at $33,002,000 after buying an additional 47,771 shares in the last quarter. State Street Corp boosted its stake in Franklin Street Properties Corp. by 1.3% in the first quarter. State Street Corp now owns 2,900,208 shares of the real estate investment trust’s stock valued at $30,771,000 after buying an additional 36,165 shares in the last quarter. Finally, Forward Management LLC boosted its stake in Franklin Street Properties Corp. by 4.3% in the second quarter. Forward Management LLC now owns 2,883,000 shares of the real estate investment trust’s stock valued at $35,375,000 after buying an additional 118,900 shares in the last quarter.

Shares of Franklin Street Properties Corp. (NYSEMKT:FSP) traded down 0.56% during midday trading on Tuesday, reaching $12.44. The company’s stock had a trading volume of 348,578 shares. The stock has a 50-day moving average price of $12.65 and a 200-day moving average price of $11.62. Franklin Street Properties Corp. has a 52-week low of $8.67 and a 52-week high of $13.18. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 54.80 and a beta of 0.84.

Franklin Street Properties Corp. (NYSEMKT:FSP) last posted its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm earned $59.45 million during the quarter, compared to analysts’ expectations of $58.73 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities research analysts anticipate that Franklin Street Properties Corp. will post $1.05 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the company. Robert W. Baird reissued an “outperform” rating and issued a $15.00 price objective on shares of Franklin Street Properties Corp. in a research note on Friday, August 26th. BMO Capital Markets reissued a “market perform” rating and issued a $13.00 price objective (up previously from $12.51) on shares of Franklin Street Properties Corp. in a research note on Monday, August 22nd. Finally, Zacks Investment Research cut Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Franklin Street Properties Corp. has a consensus rating of “Hold” and a consensus price target of $13.63.

In related news, Director Kenneth A. Hoxsie bought 8,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $12.45 per share, with a total value of $99,600.00. Following the purchase, the director now owns 40,000 shares in the company, valued at approximately $498,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Franklin Street Properties Corp. 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’s segment is real estate operations. The Company owns and operates a portfolio of real estate consisting of approximately 40 office properties.

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