Macquarie Group Ltd. held its stake in Franklin Street Properties Corp. (NYSEMKT:FSP) during the second quarter, Holdings Channel reports. The institutional investor owned 104,700 shares of the real estate investment trust’s stock at the end of the second quarter. Macquarie Group Ltd. owned 0.10% of Franklin Street Properties Corp. worth $1,284,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FSP. BlackRock Inc. increased its stake in shares of Franklin Street Properties Corp. by 11.9% in the first quarter. BlackRock Inc. now owns 87,414 shares of the real estate investment trust’s stock worth $927,000 after buying an additional 9,275 shares during the last quarter. JPMorgan Chase & Co. increased its position in Franklin Street Properties Corp. by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 493,657 shares of the real estate investment trust’s stock worth $5,237,000 after buying an additional 2,333 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position 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 worth $37,078,000 after buying an additional 39,109 shares in the last quarter. California State Teachers Retirement System increased its position in Franklin Street Properties Corp. by 7.4% in the second quarter. California State Teachers Retirement System now owns 204,701 shares of the real estate investment trust’s stock worth $2,512,000 after buying an additional 14,162 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position 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 worth $59,572,000 after buying an additional 72,830 shares in the last quarter.

Shares of Franklin Street Properties Corp. (NYSEMKT:FSP) opened at 12.44 on Wednesday. Franklin Street Properties Corp. has a 1-year low of $8.67 and a 1-year high of $13.18. The firm has a 50-day moving average of $12.64 and a 200 day moving average of $11.64. The stock has a market capitalization of $1.25 billion, a PE ratio of 54.80 and a beta of 0.84.

Franklin Street Properties Corp. (NYSEMKT:FSP) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm posted $0.27 earnings per share. Analysts predict that Franklin Street Properties Corp. will post $1.05 EPS for the current year.

A number of research analysts have recently weighed in on FSP shares. Zacks Investment Research raised shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, July 12th. BMO Capital Markets restated a “market perform” rating and set a $13.00 price target (up from $12.51) on shares of Franklin Street Properties Corp. in a research note on Monday, August 22nd. Finally, Robert W. Baird restated an “outperform” rating and set a $15.00 price target on shares of Franklin Street Properties Corp. in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.63.

In related news, Director Kenneth A. Hoxsie purchased 8,000 shares of Franklin Street Properties Corp. stock in a transaction dated Tuesday, August 16th. The stock was purchased at an average cost of $12.45 per share, for a total transaction of $99,600.00. Following the completion of the purchase, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $498,000. The purchase was disclosed in a document filed with the SEC, which is available at 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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