Franklin Street Properties Corp. (FSP) Receives Consensus Rating of “Buy” from Analysts

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Franklin Street Properties Corp. (NASDAQ:FSP) has been given a consensus broker rating score of 2.20 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Franklin Street Properties’ rating score has improved by 26.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12-month consensus price objective of $8.50 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Franklin Street Properties an industry rank of 160 out of 257 based on the ratings given to its competitors.

Separately, B. Riley raised shares of Franklin Street Properties from a “neutral” rating to a “buy” rating in a report on Thursday, November 1st.

FSP stock traded down $0.32 during trading on Friday, hitting $7.74. The company had a trading volume of 498,584 shares, compared to its average volume of 411,314. Franklin Street Properties has a fifty-two week low of $6.93 and a fifty-two week high of $11.00.

Franklin Street Properties Company Profile

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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