The stock of Franklin Street Properties Corp. (NYSEMKT:FSP) is a huge mover today! The stock decreased 2.94% or $0.37 on October 3, hitting $12.23. Franklin Street Properties Corp. (NYSEMKT:FSP) has risen 27.80% since March 1, 2016 and is uptrending. It has outperformed by 15.58% the S&P500.
The move comes after 5 months negative chart setup for the $1.22 billion company. It was reported on Oct, 4 by Barchart.com. We have $11.13 PT which if reached, will make NYSEMKT:FSP worth $109.80M less.
Analysts await Franklin Street Properties Corp. (NYSEMKT:FSP) to report earnings on October, 25. They expect $0.26 earnings per share, down 3.70% or $0.01 from last year’s $0.27 per share. FSP’s profit will be $25.94 million for 11.76 P/E if the $0.26 EPS becomes a reality. After $0.27 actual earnings per share reported by Franklin Street Properties Corp. for the previous quarter, Wall Street now forecasts -3.70% negative EPS growth.
Franklin Street Properties Corp. (NYSEMKT:FSP) Ratings Coverage
Out of 3 analysts covering Franklin Street Properties (NYSEMKT:FSP), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Franklin Street Properties has been the topic of 7 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Robert W. Baird downgraded the shares of FSP in a report on Tuesday, August 11 to “Outperform” rating. Wunderlich maintained the stock with “Buy” rating in Monday, November 2 report. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, September 10. The stock of Franklin Street Properties Corp. (NYSEMKT:FSP) has “Outperform” rating given on Friday, July 29 by Robert W. Baird. BMO Capital Markets maintained Franklin Street Properties Corp. (NYSEMKT:FSP) on Monday, August 22 with “Market Perform” rating.
According to Zacks Investment Research, “Franklin Street Properties Corp., a real estate investment trust, is focused on investing in institutional-quality office properties in major U.S. markets. FSP’s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on their top five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP’s primary real estate operations include property acquisitions and dispositions, leasing, development and asset management. FSP has also been a cyclical investor in San Diego, Silicon Valley, Greater Boston, Raleigh-Durham, and Greater Washington, DC, and will continue to monitor these markets, as well as other markets, for opportunistic investments.”
More notable recent Franklin Street Properties Corp. (NYSEMKT:FSP) news were published by: Businesswire.com which released: “Franklin Street Properties Corp. Announces Leadership Changes” on May 17, 2016, also Businesswire.com with their article: “Franklin Street Properties Corp. Announces Acquisition of Plaza Seven Office …” published on June 06, 2016, Businesswire.com published: “Franklin Street Properties Corp. Announces Acquisition of Pershing Park Plaza …” on August 10, 2016. More interesting news about Franklin Street Properties Corp. (NYSEMKT:FSP) were released by: Businesswire.com and their article: “Franklin Street Properties Corp. Announces Second Quarter 2016 Results” published on July 26, 2016 as well as Businesswire.com‘s news article titled: “Franklin Street Properties Corp. to Announce First Quarter 2016 Results” with publication date: April 19, 2016.
FSP Company Profile
Franklin Street Properties Corp., incorporated on October 9, 2001, is a real estate investment trust (REIT). The Firm is focused on commercial real estate investments primarily in office markets. The Company’s segment is real estate operations. The Firm owns and operates a portfolio of real estate consisting of approximately 40 office properties. The Firm provides asset management, property management, property accounting, and investor and development services to its portfolio and certain of its Sponsored REITs through its subsidiaries, FSP Investments LLC and FSP Property Management LLC.
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