First Potomac Realty Trust (FPO) Holdings Lifted by Teachers Advisors LLC

Teachers Advisors LLC raised its holdings in First Potomac Realty Trust (NYSE:FPO) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,201 shares of the real estate investment trust’s stock after purchasing an additional 2,338 shares during the quarter. Teachers Advisors LLC owned 0.18% of First Potomac Realty Trust worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Martingale Asset Management L P grew its stake in First Potomac Realty Trust by 141.7% in the 2nd quarter. Martingale Asset Management L P now owns 353,799 shares of the real estate investment trust’s stock valued at $3,931,000 after purchasing an additional 207,408 shares during the period. AXA grew its stake in First Potomac Realty Trust by 42.7% in the 2nd quarter. AXA now owns 154,304 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 46,148 shares during the period. Wells Fargo & Company MN grew its stake in First Potomac Realty Trust by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,255,234 shares of the real estate investment trust’s stock valued at $13,946,000 after purchasing an additional 37,500 shares during the period. Kennedy Capital Management Inc. bought a new position in First Potomac Realty Trust in the 2nd quarter valued at $4,296,000. Finally, Vivaldi Capital Management LLC bought a new position in First Potomac Realty Trust in the 2nd quarter valued at $64,416,000. Hedge funds and other institutional investors own 93.07% of the company’s stock.

A number of brokerages have issued reports on FPO. KeyCorp set a $12.00 price objective on First Potomac Realty Trust and gave the company a “buy” rating in a research note on Sunday. Stifel Nicolaus restated a “sell” rating and issued a $11.15 price objective on shares of First Potomac Realty Trust in a research note on Thursday, September 21st. BidaskClub downgraded First Potomac Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research downgraded First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $11.19.

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About First Potomac Realty Trust

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.

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Institutional Ownership by Quarter for First Potomac Realty Trust (NYSE:FPO)

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