First Potomac Realty Trust (FPO) Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in First Potomac Realty Trust (NYSE:FPO) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,438 shares of the real estate investment trust’s stock after acquiring an additional 14,798 shares during the quarter. Bank of New York Mellon Corp owned about 0.83% of First Potomac Realty Trust worth $5,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Gabelli Funds LLC purchased a new stake in shares of First Potomac Realty Trust in the third quarter valued at $652,000. Mizuho Securities USA LLC purchased a new position in First Potomac Realty Trust in the 3rd quarter worth about $4,667,000. Longfellow Investment Management Co. LLC purchased a new position in First Potomac Realty Trust in the 3rd quarter worth about $3,652,000. Koch Industries Inc. purchased a new position in First Potomac Realty Trust in the 2nd quarter worth about $122,000. Finally, Susquehanna International Group LLP purchased a new position in First Potomac Realty Trust in the 2nd quarter worth about $554,000. 93.07% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. KeyCorp set a $12.00 price target on shares of First Potomac Realty Trust and gave the stock a “buy” rating in a research note on Sunday, October 29th. Stifel Nicolaus reaffirmed a “sell” rating and issued a $11.15 price target on shares of First Potomac Realty Trust in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.43.

First Potomac Realty Trust (FPO) opened at $11.14 on Monday. The company has a market cap of $654.37, a PE ratio of 16.14 and a beta of 0.80. First Potomac Realty Trust has a 12 month low of $8.01 and a 12 month high of $11.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.38.

ILLEGAL ACTIVITY WARNING: “First Potomac Realty Trust (FPO) Stake Raised by Bank of New York Mellon Corp” was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.com-unik.info/2018/01/01/first-potomac-realty-trust-fpo-stake-raised-by-bank-of-new-york-mellon-corp.html.

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)

Receive News & Ratings for First Potomac Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Potomac Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit