News headlines about Franklin Street Properties Corp. (AMEX:FSP) have trended positive recently, according to Alpha One. Alpha One, a service of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Franklin Street Properties Corp. earned a daily sentiment score of 0.32 on Alpha One’s scale. Alpha One also assigned media stories about the real estate investment trust an impact score of 61 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.
Franklin Street Properties Corp. (FSP) traded down 0.62% during trading on Friday, hitting $11.20. 929,260 shares of the company’s stock traded hands. The stock has a market cap of $1.20 billion, a P/E ratio of 114.29 and a beta of 0.84. The firm’s 50-day moving average price is $11.38 and its 200 day moving average price is $12.16. Franklin Street Properties Corp. has a 12-month low of $10.70 and a 12-month high of $13.27.
Franklin Street Properties Corp. (AMEX:FSP) last released its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $68.76 million during the quarter, compared to analyst estimates of $67.16 million. Analysts anticipate that Franklin Street Properties Corp. will post $0.10 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on FSP shares. Robert W. Baird downgraded shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Franklin Street Properties Corp. from a “sell” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, April 25th. Finally, ValuEngine downgraded shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 10th.
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In other news, Director Kathryn P. O’neil purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was acquired at an average cost of $11.33 per share, with a total value of $56,650.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kenneth A. Hoxsie purchased 3,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average cost of $10.86 per share, with a total value of $32,580.00. Following the completion of the acquisition, the director now owns 43,000 shares in the company, valued at approximately $466,980. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 15,840 shares of company stock valued at $176,081.
Franklin Street Properties Corp. Company 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.
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