Franklin Street Properties Corp. (NYSEAMERICAN:FSP) announced a quarterly dividend on Monday, January 8th, Wall Street Journal reports. Shareholders of record on Friday, January 19th will be given a dividend of 0.19 per share by the real estate investment trust on Thursday, February 8th. This represents a $0.76 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend is Thursday, January 18th.

Shares of Franklin Street Properties (FSP) opened at $10.41 on Friday. Franklin Street Properties has a fifty-two week low of $9.59 and a fifty-two week high of $13.25. The stock has a market cap of $1,120.00, a PE ratio of -115.67 and a beta of 0.78.

Franklin Street Properties (NYSEAMERICAN:FSP) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Franklin Street Properties had a net margin of 2.77% and a return on equity of 0.85%. The firm had revenue of $67.30 million for the quarter, compared to the consensus estimate of $66.31 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.

A number of brokerages have recently issued reports on FSP. Zacks Investment Research raised shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine raised shares of Franklin Street Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. B. Riley reissued a “buy” rating on shares of Franklin Street Properties in a report on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 price target on shares of Franklin Street Properties in a report on Thursday, September 21st. Finally, BidaskClub raised shares of Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.75.

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About Franklin Street Properties

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.

Dividend History for Franklin Street Properties (NYSEAMERICAN:FSP)

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