Millennium Management LLC Purchases Shares of 104,548 Franklin Street Properties Corp. (FSP)

Millennium Management LLC purchased a new position in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) in the second quarter, HoldingsChannel reports. The institutional investor purchased 104,548 shares of the real estate investment trust’s stock, valued at approximately $895,000.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Franklin Street Properties by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,600,283 shares of the real estate investment trust’s stock valued at $13,458,000 after buying an additional 50,811 shares during the last quarter. Legal & General Group Plc boosted its position in Franklin Street Properties by 7.0% in the 1st quarter. Legal & General Group Plc now owns 501,140 shares of the real estate investment trust’s stock valued at $4,223,000 after buying an additional 32,580 shares during the last quarter. Royal Bank of Canada boosted its position in Franklin Street Properties by 23.7% in the 1st quarter. Royal Bank of Canada now owns 38,932 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 7,469 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Franklin Street Properties by 65.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 38,685 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 15,300 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Franklin Street Properties by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 832,796 shares of the real estate investment trust’s stock valued at $7,004,000 after buying an additional 19,493 shares during the last quarter.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Franklin Street Properties from an “underperform” rating to a “market perform” rating in a research note on Friday, November 2nd. B. Riley upgraded shares of Franklin Street Properties from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $8.69.

Shares of Franklin Street Properties stock opened at $8.03 on Wednesday. Franklin Street Properties Corp. has a 1 year low of $6.93 and a 1 year high of $11.00.

Franklin Street Properties (NYSEAMERICAN:FSP) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $68.71 million during the quarter, compared to analyst estimates of $66.44 million.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Friday, October 19th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.36 annualized dividend and a yield of 4.48%.

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Franklin Street Properties Company Profile

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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Institutional Ownership by Quarter for Franklin Street Properties (NYSEAMERICAN:FSP)

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