Zacks Investment Research upgraded shares of Franklin Street Properties (NYSEAMERICAN:FSP) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $9.75 target price on the real estate investment trust’s stock.
According to Zacks, “Franklin Street Properties Corp., a real estate investment trust, is focused on investing in institutional-quality office properties in major U.S. markets. FSP’s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on their top five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP’s primary real estate operations include property acquisitions and dispositions, leasing, development and asset management. FSP has also been a cyclical investor in San Diego, Silicon Valley, Greater Boston, Raleigh-Durham, and Greater Washington, DC, and will continue to monitor these markets, as well as other markets, for opportunistic investments. “
Other research analysts have also issued research reports about the company. Stifel Nicolaus raised Franklin Street Properties from a sell rating to a hold rating and boosted their price target for the stock from $6.50 to $8.00 in a research report on Thursday, May 31st. Janney Montgomery Scott lowered Franklin Street Properties from a buy rating to a neutral rating in a research report on Monday, April 9th. Finally, Robert W. Baird raised Franklin Street Properties from a neutral rating to an outperform rating in a research report on Friday, June 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $9.75.
Franklin Street Properties