Strs Ohio reduced its stake in Franklin Street Properties Corp. (AMEX:FSP) by 8.9% during the second quarter, Holdings Channel reports. The institutional investor owned 164,672 shares of the real estate investment trust’s stock after selling 16,109 shares during the period. Strs Ohio’s holdings in Franklin Street Properties Corp. were worth $1,824,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FSP. Dimensional Fund Advisors LP increased its stake in Franklin Street Properties Corp. by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,296,739 shares of the real estate investment trust’s stock valued at $16,805,000 after buying an additional 69,167 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Franklin Street Properties Corp. by 3.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 145,554 shares of the real estate investment trust’s stock valued at $1,886,000 after buying an additional 5,154 shares in the last quarter. Teachers Advisors LLC boosted its position in Franklin Street Properties Corp. by 28.0% in the fourth quarter. Teachers Advisors LLC now owns 228,774 shares of the real estate investment trust’s stock worth $2,965,000 after buying an additional 49,997 shares during the last quarter. Bank of Montreal Can boosted its position in Franklin Street Properties Corp. by 11.5% in the first quarter. Bank of Montreal Can now owns 24,998 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 2,576 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Franklin Street Properties Corp. by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the real estate investment trust’s stock worth $531,000 after buying an additional 600 shares during the last quarter.

Franklin Street Properties Corp. (AMEX:FSP) opened at 10.03 on Friday. Franklin Street Properties Corp. has a 52-week low of $9.74 and a 52-week high of $13.27. The firm has a 50 day moving average of $10.72 and a 200-day moving average of $11.62. The stock’s market cap is $1.08 billion.

Franklin Street Properties Corp. (AMEX:FSP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $68.37 million during the quarter, compared to analyst estimates of $67.75 million. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. Equities analysts anticipate that Franklin Street Properties Corp. will post $0.10 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Friday, July 21st were issued a $0.19 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $0.76 annualized dividend and a dividend yield of 7.58%. Franklin Street Properties Corp.’s dividend payout ratio (DPR) is presently 330.43%.

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A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Robert W. Baird cut shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $12.00 in a research report on Thursday, May 4th. ValuEngine cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, FBR & Co restated an “outperform” rating and issued a $13.00 price objective on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus 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 stock in a transaction dated Tuesday, June 13th. The stock was purchased at an average price of $11.33 per share, for a total transaction of $56,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought a total of 17,070 shares of company stock valued at $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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