JPMorgan Chase & Co. boosted its holdings in shares of Franklin Street Properties Corp. (AMEX:FSP) by 58.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 823,060 shares of the real estate investment trust’s stock after acquiring an additional 304,281 shares during the period. JPMorgan Chase & Co. owned 0.77% of Franklin Street Properties Corp. worth $9,120,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its holdings in Franklin Street Properties Corp. by 8.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 700 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Franklin Street Properties Corp. during the 1st quarter worth $110,000. Sei Investments Co. grew its holdings in Franklin Street Properties Corp. by 2,435.8% during the 2nd quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 10,693 shares during the period. Neuberger Berman Group LLC grew its holdings in Franklin Street Properties Corp. by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,002 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 113 shares during the period. Finally, Eads & Heald Investment Counsel grew its holdings in Franklin Street Properties Corp. by 2.2% during the 2nd quarter. Eads & Heald Investment Counsel now owns 14,475 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 310 shares during the period.

A number of analysts have commented on FSP shares. ValuEngine lowered shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. BidaskClub lowered shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. FBR & Co reissued an “outperform” rating and set a $13.00 price target on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. Finally, Janney Montgomery Scott assumed coverage on shares of Franklin Street Properties Corp. in a research report on Friday, September 8th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.25.

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

Franklin Street Properties Corp. (FSP) opened at 10.62 on Friday. The stock’s 50 day moving average is $10.01 and its 200-day moving average is $11.11. Franklin Street Properties Corp. has a 12 month low of $9.59 and a 12 month high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $68.37 million during the quarter, compared to analysts’ expectations of $67.75 million. During the same period in the prior year, the company posted $0.27 earnings per share. Franklin Street Properties Corp.’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts anticipate that Franklin Street Properties Corp. will post ($0.07) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “JPMorgan Chase & Co. Has $9.12 Million Holdings in Franklin Street Properties Corp. (FSP)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.watchlistnews.com/jpmorgan-chase-co-has-9-12-million-holdings-in-franklin-street-properties-corp-fsp/1597803.html.

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.

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

Receive News & Ratings for Franklin Street Properties Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.