Independent Order of Foresters continued to hold its stake in Franklin Street Properties Corp. (AMEX:FSP) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,914 shares of the real estate investment trust’s stock at the end of the second quarter. Independent Order of Foresters’ holdings in Franklin Street Properties Corp. were worth $132,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Franklin Street Properties Corp. by 8.2% in the second quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 700 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Franklin Street Properties Corp. during the first quarter worth about $110,000. Sei Investments Co. raised its stake in Franklin Street Properties Corp. by 2,435.8% in the second quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 10,693 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Franklin Street Properties Corp. during the first quarter worth about $153,000. Finally, Eads & Heald Investment Counsel raised its stake in Franklin Street Properties Corp. by 2.2% in the second quarter. Eads & Heald Investment Counsel now owns 14,475 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 310 shares during the period.

Franklin Street Properties Corp. (FSP) opened at 9.93 on Thursday. The firm’s market cap is $1.06 billion. The company has a 50-day moving average price of $10.75 and a 200-day moving average price of $11.63. Franklin Street Properties Corp. has a 12-month low of $9.74 and a 12-month high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $68.37 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. On average, analysts predict that Franklin Street Properties Corp. will post $0.10 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Friday, July 21st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 7.65%. The ex-dividend date is Wednesday, July 19th. Franklin Street Properties Corp.’s payout ratio is 330.43%.

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A number of research firms have recently issued reports on FSP. Robert W. Baird lowered shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $14.00 to $12.00 in a research report on Thursday, May 4th. Zacks Investment Research lowered shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. FBR & Co reissued an “outperform” rating and issued a $13.00 price target on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. BidaskClub lowered shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, ValuEngine raised shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.00.

In other news, Director Kathryn P. O’neil bought 5,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were purchased at an average price of $11.33 per share, for a total transaction of $56,650.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 17,070 shares of company stock worth $185,573 in the last 90 days.

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

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