Franklin Street Properties (NYSEAMERICAN:FSP) released its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01), Fidelity Earnings reports. The company had revenue of $66.89 million for the quarter, compared to the consensus estimate of $66.26 million. Franklin Street Properties had a negative return on equity of 2.25% and a negative net margin of 7.38%.
FSP traded down $0.20 during trading on Tuesday, reaching $7.72. 421,578 shares of the stock traded hands, compared to its average volume of 458,130. Franklin Street Properties has a fifty-two week low of $7.08 and a fifty-two week high of $11.93.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $0.36 dividend on an annualized basis and a yield of 4.66%.
Several brokerages have recently commented on FSP. B. Riley cut Franklin Street Properties from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.50 to $10.00 in a research report on Thursday, February 15th. Stifel Nicolaus cut Franklin Street Properties from a “hold” rating to a “sell” rating and decreased their target price for the stock from $10.00 to $7.00 in a research report on Wednesday, February 14th. BMO Capital Markets set a $11.00 target price on Franklin Street Properties and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Janney Montgomery Scott cut Franklin Street Properties from a “buy” rating