Axa boosted its position in Franklin Street Properties Corp. (AMEX:FSP) by 197.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,800 shares of the real estate investment trust’s stock after buying an additional 110,100 shares during the period. Axa owned approximately 0.15% of Franklin Street Properties Corp. worth $1,837,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Wells Fargo & Company MN increased its position in Franklin Street Properties Corp. by 5.9% in the 2nd quarter. Wells Fargo & Company MN now owns 112,852 shares of the real estate investment trust’s stock valued at $1,251,000 after buying an additional 6,269 shares in the last quarter. JPMorgan Chase & Co. increased its position in Franklin Street Properties Corp. by 58.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 823,060 shares of the real estate investment trust’s stock valued at $9,120,000 after buying an additional 304,281 shares in the last quarter. IndexIQ Advisors LLC increased its position in Franklin Street Properties Corp. by 11.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 125,417 shares of the real estate investment trust’s stock valued at $1,390,000 after buying an additional 13,147 shares in the last quarter. Neuberger Berman Group LLC increased its position in Franklin Street Properties Corp. by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 113 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Franklin Street Properties Corp. by 5.1% in the 2nd quarter. Prudential Financial Inc. now owns 1,823,112 shares of the real estate investment trust’s stock valued at $20,201,000 after buying an additional 87,900 shares in the last quarter.

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In other news, Director Dennis J. Mcgillicuddy purchased 100,000 shares of Franklin Street Properties Corp. stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average price of $9.88 per share, with a total value of $988,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth A. Hoxsie purchased 3,000 shares of Franklin Street Properties Corp. stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average cost of $9.81 per share, with a total value of $29,430.00. Following the transaction, the director now directly owns 48,000 shares of the company’s stock, valued at $470,880. The disclosure for this purchase can be found here. Insiders have acquired 131,275 shares of company stock valued at $1,299,392 in the last ninety days.

Shares of Franklin Street Properties Corp. (AMEX FSP) opened at 10.12 on Thursday. Franklin Street Properties Corp. has a one year low of $9.59 and a one year high of $13.27. The firm’s 50-day moving average price is $10.01 and its 200-day moving average price is $11.11.

Franklin Street Properties Corp. (AMEX:FSP) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The business had revenue of $68.37 million during the quarter, compared to the consensus estimate of $67.75 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts anticipate that Franklin Street Properties Corp. will post ($0.07) EPS for the current year.

A number of brokerages have commented on FSP. ValuEngine lowered Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Janney Montgomery Scott began coverage on Franklin Street Properties Corp. in a report on Friday, September 8th. They set a “buy” rating for the company. Zacks Investment Research raised Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. FBR & Co reissued an “outperform” rating and set a $13.00 price objective on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. Finally, BidaskClub lowered Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.00.

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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