In a report released today, Frank Lee from BMO Capital maintained a Sell rating on Franklin Street Properties (FSP), with a price target of $6.00. The company’s shares closed last Tuesday at $4.52.
According to TipRanks.com, Lee is a 2-star analyst with an average return of -0.2% and a 42.9% success rate. Lee covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, American Finance, and Douglas Emmett.
The word on The Street in general, suggests a Hold analyst consensus rating for Franklin Street Properties with a $6.25 average price target.
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Based on Franklin Street Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $60.81 million and GAAP net loss of $2.08 million. In comparison, last year the company earned revenue of $66.81 million and had a net profit of $1.63 million.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSP in relation to earlier this year.
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Franklin Street Properties Corp. is an investment company, which specializes and focuses on the asset class of real estate. It operates through real estate operations segment, which involves in real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. Franklin Street Properties was founded by George J. Carter in January 1997 and is headquartered in Wakefield, MA.
