Great West Life Assurance Co. Can grew its position in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,549 shares of the real estate investment trust’s stock after acquiring an additional 3,099 shares during the quarter. Great West Life Assurance Co. Can owned about 0.19% of Franklin Street Properties worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Franklin Street Properties by 3.2% during the third quarter. BlackRock Inc. now owns 18,128,093 shares of the real estate investment trust’s stock worth $144,844,000 after buying an additional 561,404 shares in the last quarter. Matarin Capital Management LLC bought a new stake in Franklin Street Properties during the third quarter worth $4,455,000. Oregon Public Employees Retirement Fund bought a new stake in Franklin Street Properties during the fourth quarter worth $41,000. Renaissance Technologies LLC grew its holdings in Franklin Street Properties by 11.9% during the third quarter. Renaissance Technologies LLC now owns 2,344,700 shares of the real estate investment trust’s stock worth $18,734,000 after buying an additional 250,200 shares in the last quarter. Finally, Vanguard Group Inc boosted its position in Franklin Street Properties by 1.1% in the third quarter. Vanguard Group Inc now owns 15,640,808 shares of the real estate investment trust’s stock worth $124,970,000 after purchasing an additional 169,731 shares during the last quarter.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Franklin Street Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $8.00 price target on shares of Franklin Street Properties in a research report on Tuesday, February 12th. Finally, TheStreet cut Franklin Street Properties from a “c” rating to a “d+” rating in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.69.
Franklin Street Properties (NYSEAMERICAN:FSP) last announced its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.22). The business had revenue of $66.58 million during the quarter, compared to analyst estimates of $65.93 million.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 19th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $0.36 dividend on an annualized basis and a yield of 4.67%.
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About Franklin Street Properties
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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