Zeke Capital Advisors LLC increased its stake in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 67.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 111,268 shares of the real estate investment trust’s stock after purchasing an additional 44,903 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Franklin Street Properties were worth $941,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSP. Tower Research Capital LLC TRC bought a new position in Franklin Street Properties in the 2nd quarter valued at $44,000. Bank of Montreal Can grew its position in Franklin Street Properties by 323.1% in the 2nd quarter. Bank of Montreal Can now owns 12,127 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 9,261 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Franklin Street Properties in the 3rd quarter valued at $110,000. 10 15 Associates Inc. bought a new position in Franklin Street Properties in the 2nd quarter valued at $152,000. Finally, Jefferies Group LLC bought a new position in Franklin Street Properties in the 2nd quarter valued at $160,000.
Shares of FSP stock opened at $8.65 on Monday. Franklin Street Properties Corp. has a twelve month low of $5.87 and a twelve month high of $8.82.
The firm also recently declared a dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, October 25th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, October 24th.
Several equities analysts have commented on the company. TheStreet raised Franklin Street Properties from a “d+” rating to a “c” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Franklin Street Properties from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut Franklin Street Properties from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.56.
Franklin Street Properties 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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