KBC Group NV reduced its stake in Franklin Street Properties Corp. (AMEX:FSP) by 22.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,164 shares of the real estate investment trust’s stock after selling 19,167 shares during the period. KBC Group NV’s holdings in Franklin Street Properties Corp. were worth $803,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FSP. Daiwa Securities Group Inc. increased its position in Franklin Street Properties Corp. by 34.9% in the first quarter. Daiwa Securities Group Inc. now owns 8,500 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 2,200 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Franklin Street Properties Corp. during the first quarter valued at $110,000. Eads & Heald Investment Counsel increased its position in Franklin Street Properties Corp. by 10.9% in the first quarter. Eads & Heald Investment Counsel now owns 14,165 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 1,395 shares during the last quarter. Miles Capital Inc. increased its position in Franklin Street Properties Corp. by 7.3% in the fourth quarter. Miles Capital Inc. now owns 17,704 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 1,198 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Franklin Street Properties Corp. by 11.5% in the first quarter. Bank of Montreal Can now owns 24,998 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 2,576 shares during the last quarter.

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

Franklin Street Properties Corp. (FSP) opened at 11.20 on Friday. Franklin Street Properties Corp. has a 52-week low of $10.70 and a 52-week high of $13.27. The stock has a 50 day moving average of $11.38 and a 200-day moving average of $12.16. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 114.29 and a beta of 0.84.

Franklin Street Properties Corp. (AMEX:FSP) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $68.76 million during the quarter, compared to analysts’ expectations of $67.16 million. On average, equities research analysts anticipate that Franklin Street Properties Corp. will post $0.10 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on FSP. Zacks Investment Research upgraded shares of Franklin Street Properties Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered shares of Franklin Street Properties Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Robert W. Baird lowered shares of Franklin Street Properties Corp. from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $12.00 in a research report on Thursday, May 4th.

In other news, Director Kathryn P. O’neil bought 5,000 shares of Franklin Street Properties Corp. stock in a transaction that occurred on Tuesday, June 13th. The stock was bought at an average cost of $11.33 per share, with a total value of $56,650.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kenneth A. Hoxsie bought 3,000 shares of Franklin Street Properties Corp. stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average cost of $10.86 per share, with a total value of $32,580.00. Following the completion of the acquisition, the director now directly owns 43,000 shares in the company, valued at approximately $466,980. The disclosure for this purchase can be found here. Insiders purchased a total of 15,840 shares of company stock valued at $176,081 over the last three months.

About Franklin Street Properties Corp.

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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