Zacks: Franklin Street Properties Corp. (FSP) Given $8.50 Consensus Target Price by Brokerages

Franklin Street Properties Corp. (NASDAQ:FSP) has received an average broker rating score of 2.20 (Buy) from the five brokers that cover 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% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price target of $8.50 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned Franklin Street Properties an industry rank of 106 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 report on Thursday, November 1st.

Shares of FSP opened at $7.56 on Friday. Franklin Street Properties has a 12-month low of $6.93 and a 12-month high of $11.00.

Franklin Street Properties Company Profile

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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