Analysts Set First Potomac Realty Trust (FPO) PT at $10.00

First Potomac Realty Trust (NYSE:FPO) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $10.00.

FPO has been the topic of several research analyst reports. TheStreet cut shares of First Potomac Realty Trust from a “c” rating to a “d+” rating in a research note on Wednesday, March 22nd. SunTrust Banks, Inc. upgraded shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, March 9th. Zacks Investment Research lowered shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Finally, Evercore ISI raised shares of First Potomac Realty Trust from a “hold” rating to an “outperform” rating in a research report on Friday, March 3rd.

Shares of First Potomac Realty Trust (NYSE:FPO) traded down 0.64% during mid-day trading on Monday, hitting $10.86. 158,482 shares of the stock were exchanged. First Potomac Realty Trust has a 52 week low of $8.01 and a 52 week high of $11.16. The stock’s 50-day moving average is $10.14 and its 200-day moving average is $9.95. The stock’s market capitalization is $637.46 million.

First Potomac Realty Trust (NYSE:FPO) last posted its earnings results on Thursday, February 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $39.83 million. First Potomac Realty Trust had a negative net margin of 22.83% and a negative return on equity of 8.28%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Analysts forecast that First Potomac Realty Trust will post ($0.08) earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new stake in First Potomac Realty Trust during the third quarter valued at approximately $127,000. Mizuho Trust & Banking Co. Ltd. raised its stake in First Potomac Realty Trust by 28.8% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 14,464 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 3,238 shares during the last quarter. TD Asset Management Inc. raised its stake in First Potomac Realty Trust by 29.6% in the third quarter. TD Asset Management Inc. now owns 24,500 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 5,600 shares during the last quarter. Princeton Alpha Management LP acquired a new stake in First Potomac Realty Trust during the third quarter valued at approximately $260,000. Finally, First Trust Advisors LP raised its stake in First Potomac Realty Trust by 13.1% in the third quarter. First Trust Advisors LP now owns 29,841 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 3,450 shares during the last quarter. 91.75% of the stock is owned by hedge funds and other institutional investors.

First Potomac Realty Trust Company Profile

First Potomac Realty Trust (First Potomac) is engaged in ownership, management, redevelopment and development of office and business park properties in the greater Washington, DC region. The Company’s segments include Washington, DC, Maryland, Northern Virginia and Southern Virginia. The Company conducts its business through First Potomac Realty Investment Limited Partnership, its operating partnership.

5 Day Chart for NYSE:FPO

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