Franklin Street Properties (FSP) Scheduled to Post Earnings on Tuesday
Franklin Street Properties (NYSEAMERICAN:FSP) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
Franklin Street Properties (NYSEAMERICAN:FSP) last announced its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.22). The company had revenue of $66.58 million during the quarter, compared to analyst estimates of $65.93 million.
Franklin Street Properties stock remained flat at $$7.51 during midday trading on Tuesday. The company had a trading volume of 55,873 shares, compared to its average volume of 356,357. Franklin Street Properties has a fifty-two week low of $5.87 and a fifty-two week high of $9.22.
Several research analysts have recently commented on the company. BMO Capital Markets reissued a “hold” rating and set a $8.00 price objective on shares of Franklin Street Properties in a report on Tuesday, February 12th. Zacks Investment Research raised Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, TheStreet lowered Franklin Street Properties from a “c” rating to a “d+” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.69.
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About Franklin Street Properties
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
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