Schroder Investment Management Group Acquires New Position in Franklin Street Properties Corp. (FSP)

Schroder Investment Management Group acquired a new stake in shares of Franklin Street Properties Corp. (NYSEAMERICAN:FSP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,542 shares of the real estate investment trust’s stock, valued at approximately $144,000.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Franklin Street Properties by 5.5% in the 3rd quarter. Legal & General Group Plc now owns 460,518 shares of the real estate investment trust’s stock valued at $4,891,000 after purchasing an additional 24,213 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Franklin Street Properties by 55.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 37,400 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 13,400 shares during the period. Arrow Investment Advisors LLC increased its holdings in shares of Franklin Street Properties by 8.9% in the 3rd quarter. Arrow Investment Advisors LLC now owns 58,893 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 4,824 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Franklin Street Properties by 2.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,152,990 shares of the real estate investment trust’s stock valued at $86,585,000 after purchasing an additional 169,590 shares during the period. Finally, Systematic Financial Management LP acquired a new position in shares of Franklin Street Properties in the 3rd quarter valued at about $1,639,000.

A number of brokerages have recently weighed in on FSP. B. Riley reiterated a “buy” rating on shares of Franklin Street Properties in a report on Thursday, November 2nd. ValuEngine upgraded Franklin Street Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Janney Montgomery Scott began coverage on Franklin Street Properties in a report on Friday, September 8th. They issued a “buy” rating on the stock. BidaskClub upgraded Franklin Street Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $10.00 price objective on shares of Franklin Street Properties in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $11.75.

Franklin Street Properties Corp. (NYSEAMERICAN FSP) opened at $10.53 on Wednesday. Franklin Street Properties Corp. has a twelve month low of $9.59 and a twelve month high of $13.27.

Franklin Street Properties (NYSEAMERICAN:FSP) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Franklin Street Properties had a return on equity of 0.85% and a net margin of 2.77%. The firm had revenue of $67.30 million for the quarter, compared to the consensus estimate of $66.31 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis.

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Franklin Street Properties 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.

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

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