Dimensional Fund Advisors LP increased its stake in shares of Franklin Street Properties Corp. (AMEX:FSP) by 9.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,422,333 shares of the real estate investment trust’s stock after buying an additional 125,594 shares during the period. Dimensional Fund Advisors LP’s holdings in Franklin Street Properties Corp. were worth $17,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FSP. Glenview Trust Co boosted its position in shares of Franklin Street Properties Corp. by 1.7% in the first quarter. Glenview Trust Co now owns 569,168 shares of the real estate investment trust’s stock valued at $6,910,000 after buying an additional 9,503 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Franklin Street Properties Corp. by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 103,332 shares of the real estate investment trust’s stock valued at $1,254,000 after buying an additional 866 shares during the last quarter. Eads & Heald Investment Counsel boosted its position in shares of Franklin Street Properties Corp. by 10.9% in the first quarter. Eads & Heald Investment Counsel now owns 14,165 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 1,395 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Franklin Street Properties Corp. by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 199,970 shares of the real estate investment trust’s stock valued at $2,425,000 after buying an additional 8,964 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Franklin Street Properties Corp. by 0.4% in the first quarter. Wells Fargo & Company MN now owns 106,583 shares of the real estate investment trust’s stock valued at $1,294,000 after buying an additional 431 shares during the last quarter.

Franklin Street Properties Corp. (AMEX FSP) traded up 1.10% during mid-day trading on Monday, reaching $10.13. 16,657 shares of the company traded hands. The firm’s 50-day moving average is $10.69 and its 200 day moving average is $11.60. Franklin Street Properties Corp. has a 52-week low of $9.88 and a 52-week high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $68.37 million during the quarter, compared to the consensus estimate of $67.75 million. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities analysts predict that Franklin Street Properties Corp. will post $0.10 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Friday, July 21st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date was Wednesday, July 19th. Franklin Street Properties Corp.’s dividend payout ratio is presently 330.43%.

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Several brokerages have recently issued reports on FSP. Zacks Investment Research cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Robert W. Baird cut shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $14.00 to $12.00 in a report on Thursday, May 4th. ValuEngine cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, FBR & Co restated an “outperform” rating and issued a $13.00 target price on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.00.

In other Franklin Street Properties Corp. news, Director Kathryn P. O’neil acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was purchased at an average price of $11.33 per share, with a total value of $56,650.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 17,070 shares of company stock valued at $185,573.

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 operates through the real estate operations segment. The Company’s investment objectives are to create shareholder value by increasing revenue from rental, dividend, interest and fee income and net gains from sales of properties, and increase the cash available for distribution in the form of dividends to its stockholders.

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Institutional Ownership by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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