Franklin Street Properties Corp. (FSP) To Go Ex-Dividend on October 18th

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Franklin Street Properties Corp. (NYSEAMERICAN:FSP) announced a quarterly dividend on Monday, October 8th, Wall Street Journal reports. Stockholders of record on Friday, October 19th will be given a dividend of 0.09 per share by the real estate investment trust on Thursday, November 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Thursday, October 18th.

Franklin Street Properties has a dividend payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings.

Shares of Franklin Street Properties stock opened at $7.10 on Friday. Franklin Street Properties has a 12-month low of $7.05 and a 12-month high of $11.00.

Franklin Street Properties (NYSEAMERICAN:FSP) last announced its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.23). The company had revenue of $66.69 million for the quarter, compared to analyst estimates of $65.67 million. Franklin Street Properties had a negative return on equity of 2.25% and a negative net margin of 7.38%.

A number of brokerages have recently issued reports on FSP. Zacks Investment Research lowered Franklin Street Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Robert W. Baird raised Franklin Street Properties from a “neutral” rating to an “outperform” rating in a research report on Friday, June 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Franklin Street Properties has an average rating of “Hold” and a consensus price target of $8.94.

About Franklin Street Properties

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.

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Dividend History for Franklin Street Properties (NYSEAMERICAN:FSP)

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