Franklin Street Properties (NYSEAMERICAN:FSP) posted its earnings results on Tuesday. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.22), Fidelity Earnings reports. The company had revenue of $66.58 million for the quarter, compared to analyst estimates of $65.93 million.
Franklin Street Properties stock opened at $7.80 on Wednesday. Franklin Street Properties has a 12-month low of $5.87 and a 12-month high of $9.61.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Friday, January 25th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 4.62%. The ex-dividend date is Thursday, January 24th.
FSP has been the topic of several analyst reports. BMO Capital Markets raised shares of Franklin Street Properties from an “underperform” rating to a “market perform” rating in a research note on Friday, November 2nd. B. Riley raised shares of Franklin Street Properties from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Thursday, November 1st. Finally, Zacks Investment Research raised shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $8.69.
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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