Franklin Street Properties Corp. (FSP) Holdings Lifted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA raised its holdings in Franklin Street Properties Corp. (AMEX:FSP) by 20.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,310 shares of the real estate investment trust’s stock after buying an additional 12,358 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Franklin Street Properties Corp. worth $812,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Franklin Street Properties Corp. by 8.2% in the second quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 700 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Franklin Street Properties Corp. during the first quarter worth about $110,000. Sei Investments Co. increased its position in shares of Franklin Street Properties Corp. by 2,435.8% during the second quarter. Sei Investments Co. now owns 11,132 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 10,693 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Franklin Street Properties Corp. during the first quarter worth about $153,000. Finally, Eads & Heald Investment Counsel increased its position in shares of Franklin Street Properties Corp. by 2.2% during the second quarter. Eads & Heald Investment Counsel now owns 14,475 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 310 shares in the last quarter.

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A number of analysts have recently commented on the company. Janney Montgomery Scott assumed coverage on Franklin Street Properties Corp. in a research report on Friday, September 8th. They set a “buy” rating on the stock. Zacks Investment Research cut Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. FBR & Co reiterated an “outperform” rating and set a $13.00 target price on shares of Franklin Street Properties Corp. in a research report on Tuesday, July 11th. ValuEngine upgraded Franklin Street Properties Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, BidaskClub cut Franklin Street Properties Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Franklin Street Properties Corp. presently has an average rating of “Hold” and a consensus price target of $13.00.

Franklin Street Properties Corp. (AMEX FSP) opened at 10.28 on Friday. The stock’s market cap is $1.10 billion. The company’s 50 day moving average price is $10.05 and its 200-day moving average price is $11.16. Franklin Street Properties Corp. has a 12-month low of $9.59 and a 12-month high of $13.27.

Franklin Street Properties Corp. (AMEX:FSP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $68.37 million for the quarter, compared to analyst estimates of $67.75 million. Franklin Street Properties Corp. had a negative net margin of 25.44% and a negative return on equity of 7.52%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. On average, analysts forecast that Franklin Street Properties Corp. will post ($0.07) EPS for the current year.

In other Franklin Street Properties Corp. news, Director Dennis J. Mcgillicuddy acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were purchased at an average price of $9.88 per share, for a total transaction of $988,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian N. Hansen acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average price of $9.94 per share, for a total transaction of $74,550.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 131,275 shares of company stock worth $1,299,392.

Franklin Street Properties Corp. Company Profile

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.

Institutional Ownership by Quarter for Franklin Street Properties Corp. (AMEX:FSP)

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