Franklin Street Properties Corp. (AMEX:FSP) declared a quarterly dividend on Monday, July 10th, Wall Street Journal reports. Investors of record on Friday, July 21st will be paid a dividend of 0.19 per share by the real estate investment trust on Thursday, August 10th. This represents a $0.76 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Wednesday, July 19th.
Shares of Franklin Street Properties Corp. (AMEX:FSP) traded down 0.82% on Monday, reaching $10.84. 368,257 shares of the company were exchanged. The firm’s 50 day moving average price is $11.26 and its 200 day moving average price is $12.06. Franklin Street Properties Corp. has a 52 week low of $10.70 and a 52 week high of $13.27.
Franklin Street Properties Corp. (AMEX:FSP) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $68.76 million during the quarter, compared to analysts’ expectations of $67.16 million. Franklin Street Properties Corp. had a net margin of 6.52% and a return on equity of 1.88%. Equities analysts predict that Franklin Street Properties Corp. will post $0.10 EPS for the current year.
In other Franklin Street Properties Corp. news, Director Kenneth A. Hoxsie acquired 3,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average cost of $10.86 per share, for a total transaction of $32,580.00. Following the purchase, the director now owns 43,000 shares in the company, valued at approximately $466,980. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Georgia Murray acquired 5,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average price of $11.20 per share, with a total value of $56,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 15,840 shares of company stock valued at $176,081.
FSP has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. BidaskClub cut shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Robert W. Baird cut shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $14.00 to $12.00 in a research note on Thursday, May 4th. Finally, ValuEngine cut shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Franklin Street Properties Corp. currently has an average rating of “Hold” and a consensus price target of $13.00.
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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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