Macquarie Group Ltd. lowered its position in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 6.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 82,184 shares of the real estate investment trust’s stock after selling 6,100 shares during the quarter. Macquarie Group Ltd. owned about 0.08% of Franklin Street Properties worth $873,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Franklin Street Properties by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,422,333 shares of the real estate investment trust’s stock worth $17,266,000 after acquiring an additional 125,594 shares during the period. Bank of Montreal Can boosted its holdings in Franklin Street Properties by 193.5% in the 2nd quarter. Bank of Montreal Can now owns 73,371 shares of the real estate investment trust’s stock worth $813,000 after acquiring an additional 48,373 shares during the period. Russell Investments Group Ltd. boosted its holdings in Franklin Street Properties by 5.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 155,197 shares of the real estate investment trust’s stock worth $1,720,000 after acquiring an additional 7,982 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Franklin Street Properties by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 25,320 shares of the real estate investment trust’s stock worth $281,000 after acquiring an additional 820 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Franklin Street Properties by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 204,918 shares of the real estate investment trust’s stock worth $2,266,000 after acquiring an additional 4,948 shares during the period.

A number of equities analysts have weighed in on FSP shares. ValuEngine cut Franklin Street Properties from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Janney Montgomery Scott started coverage on Franklin Street Properties in a report on Friday, September 8th. They issued a “buy” rating for the company. Stifel Nicolaus restated a “hold” rating and issued a $10.00 price target on shares of Franklin Street Properties in a report on Thursday, September 21st. Zacks Investment Research upgraded Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, B. Riley restated a “buy” rating on shares of Franklin Street Properties in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.75.

Shares of Franklin Street Properties Corp. (FSP) traded down $0.03 on Monday, hitting $10.68. The company’s stock had a trading volume of 209,100 shares, compared to its average volume of 403,381. Franklin Street Properties Corp. has a one year low of $9.59 and a one year high of $13.27.

Franklin Street Properties (NYSEAMERICAN:FSP) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. Franklin Street Properties had a return on equity of 0.85% and a net margin of 2.77%. The company had revenue of $67.30 million for the quarter, compared to analyst estimates of $66.31 million. During the same period in the prior year, the company posted $0.26 EPS. Franklin Street Properties’s quarterly revenue was up 8.7% on a year-over-year basis.

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Franklin Street Properties 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 (NYSEAMERICAN:FSP)

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