Blair William & Co. IL reduced its stake in shares of Franklin Street Properties Corp. (AMEX:FSP) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,193 shares of the real estate investment trust’s stock after selling 5,000 shares during the period. Blair William & Co. IL owned about 0.09% of Franklin Street Properties Corp. worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Franklin Street Properties Corp. by 1.9% in the first quarter. Vanguard Group Inc. now owns 17,070,051 shares of the real estate investment trust’s stock valued at $207,230,000 after buying an additional 312,378 shares during the period. BlackRock Inc. raised its stake in shares of Franklin Street Properties Corp. by 9,781.9% in the first quarter. BlackRock Inc. now owns 15,104,992 shares of the real estate investment trust’s stock valued at $183,375,000 after buying an additional 14,952,137 shares during the period. State Street Corp raised its stake in shares of Franklin Street Properties Corp. by 6.0% in the first quarter. State Street Corp now owns 3,991,539 shares of the real estate investment trust’s stock valued at $48,453,000 after buying an additional 225,648 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Franklin Street Properties Corp. by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,771,406 shares of the real estate investment trust’s stock valued at $19,627,000 after buying an additional 5,991 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Franklin Street Properties Corp. by 1.5% in the first quarter. Renaissance Technologies LLC now owns 1,551,200 shares of the real estate investment trust’s stock valued at $18,832,000 after buying an additional 22,500 shares during the period.

Shares of Franklin Street Properties Corp. (AMEX FSP) opened at 9.74 on Wednesday. Franklin Street Properties Corp. has a 1-year low of $9.69 and a 1-year high of $13.27. The company’s 50 day moving average is $10.40 and its 200-day moving average is $11.41.

Franklin Street Properties Corp. (AMEX:FSP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The company 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 return on equity of 7.52% and a negative net margin of 25.44%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. On average, equities analysts forecast that Franklin Street Properties Corp. will post ($0.07) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Friday, July 21st were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, July 19th. This represents a $0.76 annualized dividend and a dividend yield of 7.80%. Franklin Street Properties Corp.’s dividend payout ratio is presently 330.43%.

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A number of analysts have issued reports on FSP shares. ValuEngine lowered shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. BidaskClub lowered shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. FBR & Co reiterated an “outperform” rating and set a $13.00 price target on shares of Franklin Street Properties Corp. in a research note on Tuesday, July 11th. Finally, Robert W. Baird lowered shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $12.00 in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Franklin Street Properties Corp. has a consensus rating of “Hold” and a consensus price target of $13.00.

In other Franklin Street Properties Corp. news, Director Kenneth A. Hoxsie acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $9.81 per share, with a total value of $29,430.00. Following the transaction, the director now owns 48,000 shares of the company’s stock, valued at $470,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathryn P. O’neil acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were acquired at an average cost of $11.33 per share, with a total value of $56,650.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 16,275 shares of company stock valued at $168,992 in the last three months.

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.

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

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