First Trust Advisors LP lessened its holdings in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 87.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,185 shares of the real estate investment trust’s stock after selling 122,504 shares during the period. First Trust Advisors LP’s holdings in Franklin Street Properties were worth $147,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. boosted its position in shares of Franklin Street Properties by 11.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 66,000 shares of the real estate investment trust’s stock worth $555,000 after acquiring an additional 6,700 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Franklin Street Properties by 23.7% during the 1st quarter. Royal Bank of Canada now owns 38,932 shares of the real estate investment trust’s stock worth $327,000 after acquiring an additional 7,469 shares in the last quarter. Swiss National Bank boosted its position in shares of Franklin Street Properties by 5.7% during the 1st quarter. Swiss National Bank now owns 177,463 shares of the real estate investment trust’s stock worth $1,492,000 after acquiring an additional 9,600 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Franklin Street Properties during the 2nd quarter worth approximately $100,000. Finally, SG Americas Securities LLC boosted its position in shares of Franklin Street Properties by 42.8% during the 1st quarter. SG Americas Securities LLC now owns 40,545 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 12,145 shares in the last quarter.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Franklin Street Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Robert W. Baird raised shares of Franklin Street Properties from a “neutral” rating to an “outperform” rating in a research note on Friday, June 29th. Finally, Stifel Nicolaus raised shares of Franklin Street Properties from a “sell” rating to a “hold” rating and increased their price objective for the company from $6.50 to $8.00 in a research note on Thursday, May 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.94.

Shares of NYSEAMERICAN:FSP opened at $7.74 on Thursday. Franklin Street Properties Corp. has a one year low of $7.08 and a one year high of $11.00.

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

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.

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Institutional Ownership by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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