Franklin Street Properties (NYSEAMERICAN:FSP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report 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. “
Several other analysts have also recently commented on the company. Janney Montgomery Scott cut Franklin Street Properties from a “buy” rating to a “neutral” rating in a research report on Monday, April 9th. BMO Capital Markets cut Franklin Street Properties from a “market perform” rating to an “underperform” rating and set a $8.00 target price for the company. in a report on Tuesday, February 27th. Stifel Nicolaus lowered Franklin Street Properties from a “hold” rating to a “sell” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Wednesday, February 14th. Finally, B. Riley lowered Franklin Street Properties from a “buy” rating to a “neutral” rating and reduced their price target for the company from $12.50 to $10.00 in a research report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two