Franklin Street Properties (FSP) has risen sharply, recording gains of 0.72% in the past 4 weeks. However, the stock has corrected -2.19% in the past 1 week, providing a good buying opportunity on dips. Franklin Street Properties (FSP) : During the past 4 weeks, traders have been relatively bearish on Franklin Street Properties (FSP), hence the stock is down -0.31% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.24% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 3.04%. Franklin Street Properties (NYSEMKT:FSP): stock turned positive on Friday. Though the stock opened at $12.38, the bulls momentum made the stock top out at $12.69 level for the day. The stock recorded a low of $12.38 and closed the trading day at $12.53, in the green by 0.97%. The total traded volume for the day was 1,217,128. The stock had closed at $12.41 in the previous days trading.
The company Insiders own 3.72% of Franklin Street Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.93% . Institutional Investors own 78.33% of Franklin Street Properties shares. During last six month period, the net percent change held by insiders has seen a change of 35.28%. Also, Baird upgrades its rating on Franklin Street Properties (NYSEMKT:FSP). Analysts at the Baird have a current rating of Outperform on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 29, 2016.
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.