Janney Montgomery Scott initiated coverage on shares of Franklin Street Properties Corp. (AMEX:FSP) in a note issued to investors on Friday. The brokerage set a “buy” rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. FBR & Co reaffirmed 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 raised shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.00.

Shares of Franklin Street Properties Corp. (AMEX:FSP) opened at 9.90 on Friday. Franklin Street Properties Corp. has a one year low of $9.59 and a one year high of $13.27. The stock’s 50 day moving average is $10.16 and its 200-day moving average is $11.26. The company’s market cap is $1.06 billion.

Franklin Street Properties Corp. (AMEX:FSP) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $68.37 million during the quarter, compared to analysts’ expectations 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%. Franklin Street Properties Corp.’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. Equities research analysts forecast that Franklin Street Properties Corp. will post ($0.07) earnings per share for the current year.

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In related news, Director Kathryn P. O’neil bought 5,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was acquired at an average cost of $11.33 per share, for a total transaction of $56,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth A. Hoxsie bought 3,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $9.81 per share, with a total value of $29,430.00. Following the completion of the transaction, the director now owns 48,000 shares of the company’s stock, valued at $470,880. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 136,275 shares of company stock valued at $1,356,042.

Institutional investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. bought a new stake in Franklin Street Properties Corp. during the first quarter valued at approximately $153,000. Virginia Retirement Systems ET AL lifted its position in Franklin Street Properties Corp. by 80.9% during 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 purchasing an additional 103,300 shares during the last quarter. Bollard Group LLC lifted its position in Franklin Street Properties Corp. by 1.7% during the second quarter. Bollard Group LLC now owns 101,096 shares of the real estate investment trust’s stock valued at $1,120,000 after purchasing an additional 1,667 shares during the last quarter. Karp Capital Management Corp bought a new stake in Franklin Street Properties Corp. during the first quarter valued at approximately $459,000. Finally, Public Employees Retirement System of Ohio lifted its position in Franklin Street Properties Corp. by 2.7% during the first quarter. Public Employees Retirement System of Ohio now owns 154,191 shares of the real estate investment trust’s stock valued at $1,872,000 after purchasing an additional 4,034 shares during the last quarter.

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.

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