First Potomac Realty Trust (FPO) Receives Consensus Rating of “Hold” from Analysts

First Potomac Realty Trust (NYSE:FPO) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.17.

Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of First Potomac Realty Trust from a “strong-buy” rating to a “buy” rating in a report on Friday. TheStreet raised shares of First Potomac Realty Trust from a “d+” rating to a “c+” rating in a report on Thursday, April 27th. Evercore ISI raised shares of First Potomac Realty Trust from a “hold” rating to an “outperform” rating in a report on Friday, March 3rd. Stifel Nicolaus lowered shares of First Potomac Realty Trust from a “hold” rating to a “sell” rating and set a $9.50 price objective on the stock. in a report on Tuesday, May 2nd. Finally, SunTrust Banks, Inc. raised shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, March 9th.

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Shares of First Potomac Realty Trust (NYSE FPO) opened at 11.00 on Monday. First Potomac Realty Trust has a 52-week low of $8.01 and a 52-week high of $11.31. The firm’s 50-day moving average price is $10.82 and its 200 day moving average price is $10.40. The company has a market capitalization of $645.88 million, a PE ratio of 17.11 and a beta of 0.65.

First Potomac Realty Trust (NYSE:FPO) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The business had revenue of $37.80 million for the quarter, compared to analyst estimates of $37.35 million. First Potomac Realty Trust had a negative net margin of 22.83% and a negative return on equity of 8.28%. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. On average, equities analysts forecast that First Potomac Realty Trust will post ($0.08) earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.40 annualized dividend and a yield of 3.64%. First Potomac Realty Trust’s dividend payout ratio (DPR) is -46.51%.

A number of large investors have recently made changes to their positions in FPO. BNP Paribas Arbitrage SA increased its stake in shares of First Potomac Realty Trust by 0.8% in the first quarter. BNP Paribas Arbitrage SA now owns 25,067 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 187 shares during the period. Teachers Advisors LLC increased its stake in shares of First Potomac Realty Trust by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 95,066 shares of the real estate investment trust’s stock valued at $1,043,000 after buying an additional 441 shares during the period. Credit Suisse AG increased its stake in shares of First Potomac Realty Trust by 0.3% in the first quarter. Credit Suisse AG now owns 230,968 shares of the real estate investment trust’s stock valued at $2,375,000 after buying an additional 745 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of First Potomac Realty Trust by 2.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 37,200 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 800 shares during the period. Finally, Stifel Financial Corp increased its stake 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 valued at $119,000 after buying an additional 1,225 shares during the period. Institutional investors own 91.75% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FPO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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