Franklin Street Properties Corp.(NYSEMKT:FSP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $65.988M. Analysts estimated a revenue of $62.340M. The revenues were 5.85% above the estimates. Earnings per share were $0.25. The reported EPS was below estimates by 1,150%. Analysts had estimated an EPS of $0.02.
Franklin Street Properties Corp. (FSP) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.16% at a volume of 2,79,169. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.74. The peak price level was also seen at $12.74 while the days lowest was $12.23. Finally the shares closed at $12.38. The 52-week high of the shares is $13.27 while the 52-week low is $9.03. According to the latest information available, the market cap of the company is $1,328 M.
Several Insider Transactions has been reported to the SEC. On Nov 4, 2016, John G Demeritt (CFO) purchased 1,000 shares at $10.89 per share price.Also, On Aug 31, 2016, Eriel Anchondo (COO) purchased 1,770 shares at $12.59 per share price.On Aug 16, 2016, Kenneth A Hoxsie (director) purchased 8,000 shares at $12.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Franklin Street Properties Corp. (FSP Corp.) is a Real Estates Investment Trusts (REIT). The Company is focused on commercial real estate investments primarily in office markets and operates through real estate operations. The Companys real estate operations include real estate rental operations leasing secured financing of real estate and services provided for asset management property management property acquisitions dispositions and development. It owns and operates a portfolio of real estate consisting of 38 properties managed 10 Sponsored REITs and held five promissory notes secured by mortgages on real estate owned by Sponsored REITs. FSP Corp. holds directly and indirectly 100% of the interest in FSP Investments LLC FSP Property Management LLC FSP Holdings LLC and FSP Protective TRS Corp. It provides asset management property management property accounting development services to its portfolio and certain of its Sponsored REITs through its subsidiaries.