Franklin Street Properties Corp. (FSP) is Upgraded by Robert W. Baird to Outperform, Raises Price Target to $ 15

Franklin Street Properties Corp. (FSP) was Upgraded by Robert W. Baird to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $10 . Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Jul 29, 2016.

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. opened for trading at $12.19 and hit $12.5 on the upside on Thursday, eventually ending the session at $12.43, with a gain of 2.05% or 0.25 points. The heightened volatility saw the trading volume jump to 1,24,467 shares. Company has a market cap of $1,245 M.

In a different news, on May 25, 2016, John N Burke (director) purchased 1,385 shares at $11.08 per share price. According to the SEC, on May 2, 2016, Eriel Anchondo (SVP/Operations) purchased 2,100 shares at $10.64 per share price. On Apr 29, 2016, Kenneth A Hoxsie (director) purchased 10,000 shares at $10.57 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Franklin Street Properties Corp.

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