News articles about Franklin Street Properties Corp. (AMEX:FSP) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franklin Street Properties Corp. earned a news impact score of 0.20 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- New 52-Week Low Could Prompt More Insider Buying At FSP (nasdaq.com)
- Franklin Street Properties Corp. (FSP) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Franklin Street Properties Corp. (FSP) Announces Quarterly Dividend of $0.19 (americanbankingnews.com)
- Franklin Street Properties (FSP) Declares $0.19 Quarterly Dividend; 7% Yield (streetinsider.com)
Franklin Street Properties Corp. (AMEX:FSP) opened at 10.91 on Friday. The stock’s 50 day moving average is $11.26 and its 200 day moving average is $12.06. Franklin Street Properties Corp. has a one year low of $9.74 and a one year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $68.76 million for the quarter, compared to analyst estimates of $67.16 million. Franklin Street Properties Corp. had a net margin of 6.52% and a return on equity of 1.88%. Equities research analysts expect that Franklin Street Properties Corp. will post $0.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, July 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $0.76 annualized dividend and a yield of 6.97%. Franklin Street Properties Corp.’s payout ratio is 330.43%.
A number of brokerages have recently commented on FSP. Robert W. Baird lowered 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 lowered shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. FBR & Co restated an “outperform” rating and issued a $13.00 target price on shares of Franklin Street Properties Corp. in a report on Tuesday, July 11th. BidaskClub lowered shares of Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, ValuEngine upgraded shares of Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Franklin Street Properties Corp. has an average rating of “Hold” and an average price target of $13.00.
In related news, Director Kathryn P. O’neil acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $11.33 per share, for a total transaction of $56,650.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth A. Hoxsie acquired 3,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were bought at an average price of $10.86 per share, for a total transaction of $32,580.00. Following the acquisition, the director now directly owns 43,000 shares of the company’s stock, valued at approximately $466,980. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 15,840 shares of company stock worth $176,081.
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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