Utah Retirement Systems grew its stake in Franklin Street Properties Corp. (NYSEAMERICAN:FSP) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 16,847 shares of the real estate investment trust’s stock after buying an additional 1,600 shares during the period. Utah Retirement Systems’ holdings in Franklin Street Properties were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. JNBA Financial Advisors bought a new position in shares of Franklin Street Properties during the 4th quarter worth about $62,000. First Citizens Bank & Trust Co. bought a new position in shares of Franklin Street Properties during the 4th quarter worth about $68,000. AQR Capital Management LLC bought a new position in shares of Franklin Street Properties during the 3rd quarter worth about $129,000. Daiwa Securities Group Inc. lifted its holdings in shares of Franklin Street Properties by 18.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,700 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 2,600 shares during the period. Finally, Laurion Capital Management LP bought a new position in shares of Franklin Street Properties during the 3rd quarter worth about $136,000.
FSP has been the subject of a number of analyst reports. BMO Capital Markets raised shares of Franklin Street Properties from an “underperform” rating to a “market perform” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Franklin Street Properties from a “sell” rating to a “hold” rating in a report on Monday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Franklin Street Properties has an average rating of “Hold” and an average price target of $8.69.
Franklin Street Properties (NYSEAMERICAN:FSP) last announced its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.22). The company had revenue of $66.58 million for the quarter, compared to analysts’ expectations of $65.93 million.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Friday, January 25th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.01%. The ex-dividend date was Thursday, January 24th.
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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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