Forward Management Lowers stake in Franklin Street Properties Corp. (FSP)

Franklin Street Properties Corp. (FSP) : Forward Management reduced its stake in Franklin Street Properties Corp. by 23.52% during the most recent quarter end. The investment management company now holds a total of 2,764,100 shares of Franklin Street Properties Corp. which is valued at $30.8 Million after selling 850,000 shares in Franklin Street Properties Corp. , the firm said in a disclosure report filed with the SEC on May 13, 2016.Franklin Street Properties Corp. makes up approximately 2.54% of Forward Management’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc boosted its stake in FSP in the latest quarter, The investment management firm added 1,783 additional shares and now holds a total of 13,189 shares of Franklin Street Properties Corp. which is valued at $147,057.New Mexico Educational Retirement Board reduced its stake in FSP by selling 7,700 shares or 35.06% in the most recent quarter. The Hedge Fund company now holds 14,261 shares of FSP which is valued at $159,010. Franklin Street Properties Corp. makes up approx 0.01% of New Mexico Educational Retirement Board’s portfolio. Hillsdale Investment Management sold out all of its stake in FSP during the most recent quarter. The investment firm sold 67,500 shares of FSP which is valued $752,625.Psagot Investment House Ltd. reduced its stake in FSP by selling 3,000 shares or 21.43% in the most recent quarter. The Hedge Fund company now holds 11,000 shares of FSP which is valued at $122,650. Franklin Street Properties Corp. makes up approx 0.01% of Psagot Investment House Ltd.’s portfolio.Swiss National Bank boosted its stake in FSP in the latest quarter, The investment management firm added 27,400 additional shares and now holds a total of 152,563 shares of Franklin Street Properties Corp. which is valued at $1.7 Million.

Franklin Street Properties Corp. closed down -0.14 points or -1.25% at $11.08 with 1,79,259 shares getting traded on Wednesday. Post opening the session at $11.25, the shares hit an intraday low of $11.03 and an intraday high of $11.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Franklin Street Properties Corp. reported $0.26 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.26. The company had revenue of $59.81 million for the quarter, compared to analysts expectations of $59.05 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Franklin Street Properties Corp. (FSP Corp.) is a Real Estates Investment Trusts (REIT). The Company is focused on commercial real estate investments primarily in office markets and operates through real estate operations. The Company’s real estate operations include real estate rental operations leasing secured financing of real estate and services provided for asset management property management property acquisitions dispositions and development. It owns and operates a portfolio of real estate consisting of 38 properties managed 10 Sponsored REITs and held five promissory notes secured by mortgages on real estate owned by Sponsored REITs. FSP Corp. holds directly and indirectly 100% of the interest in FSP Investments LLC FSP Property Management LLC FSP Holdings LLC and FSP Protective TRS Corp. It provides asset management property management property accounting development services to its portfolio and certain of its Sponsored REITs through its subsidiaries.

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