TheStreet Upgrades Franklin Street Properties (NYSEAMERICAN:FSP) to C

Franklin Street Properties (NYSEAMERICAN:FSP) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c” rating in a report released on Wednesday, TheStreetRatingsTable reports.

A number of other research firms also recently commented on FSP. BMO Capital Markets reiterated a “hold” rating and set a $8.00 target price on shares of Franklin Street Properties in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their target price on Franklin Street Properties from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Franklin Street Properties from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Franklin Street Properties has a consensus rating of “Hold” and a consensus price target of $8.50.

Shares of NYSEAMERICAN:FSP traded down $0.14 during trading on Wednesday, reaching $8.01. The company had a trading volume of 320,621 shares, compared to its average volume of 331,277. Franklin Street Properties has a fifty-two week low of $5.87 and a fifty-two week high of $8.76.

Franklin Street Properties (NYSEAMERICAN:FSP) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.18). The firm had revenue of $66.81 million during the quarter, compared to analyst estimates of $65.23 million.

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in Franklin Street Properties by 334.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,510 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 5,010 shares in the last quarter. CAPROCK Group Inc. bought a new position in Franklin Street Properties during the 1st quarter worth approximately $93,000. Magnus Financial Group LLC bought a new position in Franklin Street Properties during the 1st quarter worth approximately $104,000. Pictet Asset Management Ltd. lifted its holdings in Franklin Street Properties by 57.1% during the 1st quarter. Pictet Asset Management Ltd. now owns 16,500 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 6,000 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Franklin Street Properties during the 1st quarter worth approximately $148,000.

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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