Robert W. Baird Upgrades Franklin Street Properties (FSP) to Outperform

Franklin Street Properties (NYSEAMERICAN:FSP) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Friday, Marketbeat.com reports.

A number of other research analysts also recently commented on the company. Stifel Nicolaus raised Franklin Street Properties from a “sell” rating to a “hold” rating and increased their target price for the stock from $6.50 to $8.00 in a report on Thursday, May 31st. Zacks Investment Research raised Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th. Finally, Janney Montgomery Scott downgraded Franklin Street Properties from a “buy” rating to a “neutral” rating in a report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Franklin Street Properties presently has an average rating of “Hold” and a consensus price target of $10.20.

Shares of Franklin Street Properties opened at $8.56 on Friday, according to Marketbeat.com. Franklin Street Properties has a one year low of $7.08 and a one year high of $11.45.

Franklin Street Properties (NYSEAMERICAN:FSP) last issued its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $66.89 million during the quarter, compared to analysts’ expectations of $66.26 million. Franklin Street Properties had a negative net margin of 7.38% and a negative return on equity of 2.25%.

A number of large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new stake in shares of Franklin Street Properties in the 4th quarter worth approximately $376,000. California Public Employees Retirement System lifted its holdings in shares of Franklin Street Properties by 10.1% in the 4th quarter. California Public Employees Retirement System now owns 411,258 shares of the real estate investment trust’s stock worth $4,417,000 after purchasing an additional 37,698 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Franklin Street Properties by 18.8% in the 4th quarter. Wells Fargo & Company MN now owns 186,363 shares of the real estate investment trust’s stock worth $2,001,000 after purchasing an additional 29,557 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Franklin Street Properties by 224.1% in the 4th quarter. Arizona State Retirement System now owns 180,227 shares of the real estate investment trust’s stock worth $1,936,000 after purchasing an additional 124,626 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Franklin Street Properties by 13.8% in the 4th quarter. Rhumbline Advisers now owns 267,583 shares of the real estate investment trust’s stock worth $2,874,000 after purchasing an additional 32,367 shares during the last quarter.

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.

Analyst Recommendations for Franklin Street Properties (NYSEAMERICAN:FSP)

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