Franklin Street Properties Corp. (AMEX:FSP) CFO John G. Demeritt bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $10.08 per share, with a total value of $10,080.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

John G. Demeritt also recently made the following trade(s):

  • On Thursday, May 11th, John G. Demeritt bought 1,000 shares of Franklin Street Properties Corp. stock. The stock was purchased at an average price of $10.85 per share, with a total value of $10,850.00.

Franklin Street Properties Corp. (AMEX:FSP) traded down 1.78% on Wednesday, reaching $9.93. The company’s stock had a trading volume of 460,457 shares. Franklin Street Properties Corp. has a 12 month low of $9.89 and a 12 month high of $13.27. The company has a 50-day moving average price of $10.92 and a 200 day moving average price of $11.73. The company’s market cap is $1.06 billion.

Franklin Street Properties Corp. (AMEX:FSP) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $68.37 million during the quarter, compared to analysts’ expectations of $67.75 million. Franklin Street Properties Corp. had a negative return on equity of 7.52% and a negative net margin of 25.44%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. On average, equities research analysts anticipate that Franklin Street Properties Corp. will post $0.10 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Friday, July 21st will be issued a $0.19 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $0.76 annualized dividend and a yield of 7.65%. Franklin Street Properties Corp.’s dividend payout ratio is presently 330.43%.

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A number of research analysts recently commented on FSP shares. BidaskClub lowered Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research lowered Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Robert W. Baird lowered Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $12.00 in a research note on Thursday, May 4th. FBR & Co reiterated an “outperform” rating and set a $13.00 price objective on shares of Franklin Street Properties Corp. in a research note on Tuesday, July 11th. Finally, ValuEngine upgraded Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.00.

Institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. bought a new position in shares of Franklin Street Properties Corp. during the first quarter valued at $153,000. Virginia Retirement Systems ET AL boosted its position in shares of Franklin Street Properties Corp. by 80.9% in the first quarter. Virginia Retirement Systems ET AL now owns 231,000 shares of the real estate investment trust’s stock valued at $2,804,000 after buying an additional 103,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Franklin Street Properties Corp. by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,296,739 shares of the real estate investment trust’s stock valued at $16,805,000 after buying an additional 69,167 shares in the last quarter. Breton Hill Capital Ltd. boosted its position in shares of Franklin Street Properties Corp. by 3.8% in the first quarter. Breton Hill Capital Ltd. now owns 27,817 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 1,027 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Franklin Street Properties Corp. during the first quarter valued at $459,000.

About Franklin Street Properties Corp.

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.

Insider Buying and Selling by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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