Franklin Street Properties (NYSEAMERICAN:FSP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, April 18th.
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 equities analysts also recently issued research reports about the company. B. Riley downgraded Franklin Street Properties from a “buy” rating to a “neutral” rating and decreased their target price for the company from $12.50 to $10.00 in a report on Thursday, February 15th. BMO Capital Markets set a $11.00 target price on Franklin Street Properties and gave the company a “hold” rating in a report on Wednesday, February 14th. Stifel Nicolaus downgraded Franklin Street Properties from a “hold” rating to a “sell” rating and decreased their target price for the company from $10.00 to $7.00 in a report on Wednesday, February 14th. Finally, Janney Montgomery Scott downgraded Franklin Street Properties from a “buy” rating to a “neutral” rating in a report on Monday, April 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the