Brokerages Expect Franklin Street Properties Corp. (FSP) to Post $0.24 EPS

Shares of Franklin Street Properties Corp. (NASDAQ:FSP) have earned a consensus broker rating score of 2.20 (Buy) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Franklin Street Properties’ rating score has improved by 26.7% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus price objective of $8.50 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Franklin Street Properties an industry rank of 182 out of 257 based on the ratings given to related companies.

Separately, B. Riley raised shares of Franklin Street Properties from a “neutral” rating to a “buy” rating in a research report on Thursday, November 1st.

NASDAQ:FSP traded down $0.07 on Friday, reaching $8.06. 212,100 shares of the stock traded hands, compared to its average volume of 410,912. Franklin Street Properties has a 1-year low of $6.93 and a 1-year high of $11.00.

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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