Prudential Financial Inc. lowered its position in shares of Franklin Street Properties Corp. (NYSEMKT:FSP) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,975,968 shares of the real estate investment trust’s stock after selling 134,446 shares during the period. Prudential Financial Inc. owned about 2.97% of Franklin Street Properties Corp. worth $36,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Menta Capital LLC purchased a new position in Franklin Street Properties Corp. during the first quarter worth $110,000. Societe Generale purchased a new position in Franklin Street Properties Corp. during the second quarter worth $122,000. Teacher Retirement System of Texas boosted its position in Franklin Street Properties Corp. by 14.9% in the second quarter. Teacher Retirement System of Texas now owns 12,700 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 1,645 shares during the last quarter. Connable Office Inc. boosted its position in Franklin Street Properties Corp. by 30.8% in the first quarter. Connable Office Inc. now owns 15,070 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 3,552 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in Franklin Street Properties Corp. during the second quarter worth $190,000.

Shares of Franklin Street Properties Corp. (NYSEMKT:FSP) traded up 0.24% during mid-day trading on Monday, reaching $12.40. 40,773 shares of the company traded hands. The stock’s 50-day moving average is $12.66 and its 200-day moving average is $11.54. Franklin Street Properties Corp. has a 52 week low of $8.67 and a 52 week high of $13.18. The company has a market capitalization of $1.24 billion, a P/E ratio of 54.63 and a beta of 0.84.

Franklin Street Properties Corp. (NYSEMKT:FSP) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $59.45 million for the quarter, compared to analysts’ expectations of $58.73 million. During the same period in the previous year, the business posted $0.27 earnings per share. On average, equities analysts predict that Franklin Street Properties Corp. will post $1.05 EPS for the current fiscal year.

A number of research firms have recently commented on FSP. Robert W. Baird reissued an “outperform” rating and set a $15.00 target price on shares of Franklin Street Properties Corp. in a research note on Friday, August 26th. BMO Capital Markets reissued a “market perform” rating and set a $13.00 target price (up previously from $12.51) on shares of Franklin Street Properties Corp. in a research note on Monday, August 22nd. Finally, 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 note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned 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 a consensus price target of $13.63.

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

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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