Northern Trust Corp Boosts Stake in First Potomac Realty Trust (FPO)

Northern Trust Corp raised its stake in First Potomac Realty Trust (NYSE:FPO) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,005,511 shares of the real estate investment trust’s stock after acquiring an additional 58,990 shares during the quarter. Northern Trust Corp owned approximately 1.71% of First Potomac Realty Trust worth $11,171,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FPO. Stifel Financial Corp lifted its holdings in shares of First Potomac Realty Trust by 11.8% in the first quarter. Stifel Financial Corp now owns 11,606 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 1,225 shares during the last quarter. Forsta AP Fonden bought a new position in shares of First Potomac Realty Trust in the second quarter worth about $178,000. Bowling Portfolio Management LLC bought a new position in shares of First Potomac Realty Trust in the second quarter worth about $298,000. Aperio Group LLC lifted its holdings in shares of First Potomac Realty Trust by 27.4% in the second quarter. Aperio Group LLC now owns 30,473 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 6,556 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of First Potomac Realty Trust by 21.7% in the second quarter. BNP Paribas Arbitrage SA now owns 30,501 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 5,434 shares during the period. 93.07% of the stock is owned by hedge funds and other institutional investors.

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First Potomac Realty Trust (FPO) opened at $11.14 on Friday. First Potomac Realty Trust has a 52 week low of $8.01 and a 52 week high of $11.46. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.38.

Several research firms have recently issued reports on FPO. BidaskClub downgraded First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. 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, October 29th. Stifel Nicolaus reaffirmed 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. 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.19.

First Potomac Realty Trust 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.

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

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