Insider Buying: Franklin Street Properties Corp. (FSP) CEO Purchases 5,000 Shares of Stock

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) CEO George J. Carter purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $8.85 per share, for a total transaction of $44,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Franklin Street Properties Corp. (FSP) traded up $0.03 during midday trading on Tuesday, reaching $8.76. 314,460 shares of the company’s stock traded hands, compared to its average volume of 441,539. The stock has a market capitalization of $936.13, a P/E ratio of -58.20 and a beta of 0.67. Franklin Street Properties Corp. has a 1-year low of $8.05 and a 1-year high of $12.84.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Shareholders of record on Friday, January 19th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.68%. The ex-dividend date was Thursday, January 18th. Franklin Street Properties’s dividend payout ratio (DPR) is presently -506.67%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSP. Zeke Capital Advisors LLC bought a new stake in shares of Franklin Street Properties during the fourth quarter valued at about $110,000. Verition Fund Management LLC bought a new stake in shares of Franklin Street Properties during the fourth quarter valued at about $111,000. Virtu Financial LLC bought a new stake in shares of Franklin Street Properties during the fourth quarter valued at about $114,000. SeaCrest Wealth Management LLC bought a new stake in shares of Franklin Street Properties during the fourth quarter valued at about $141,000. Finally, Schroder Investment Management Group bought a new stake in shares of Franklin Street Properties during the third quarter valued at about $144,000.

A number of brokerages recently weighed in on FSP. Zacks Investment Research downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. B. Riley downgraded shares of Franklin Street Properties from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.50 to $10.00 in a report on Thursday, February 15th. Stifel Nicolaus downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating and cut their price target for the stock from $10.00 to $7.00 in a report on Wednesday, February 14th. BMO Capital Markets set a $11.00 price target on shares of Franklin Street Properties and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, BidaskClub raised shares of Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.83.

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About Franklin Street Properties

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.

Insider Buying and Selling by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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