First Potomac Realty Trust (NYSE:FPO) has been assigned an average rating of “Hold” from the eight research firms that are covering the company. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $10.50.

A number of research firms have weighed in on FPO. Stifel Nicolaus raised their target price on shares of First Potomac Realty Trust from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, August 1st. Zacks Investment Research lowered shares of First Potomac Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. BMO Capital Markets reissued a “hold” rating on shares of First Potomac Realty Trust in a research note on Wednesday, July 6th. Finally, SunTrust Banks Inc. upgraded shares of First Potomac Realty Trust from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, September 16th. They noted that the move was a valuation call.

Hedge funds have recently bought and sold shares of the stock. Mizuho Trust & Banking Co. Ltd. increased its stake in First Potomac Realty Trust by 5.1% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 11,226 shares of the company’s stock valued at $103,000 after buying an additional 541 shares during the period. Quantitative Systematic Strategies LLC increased its stake in First Potomac Realty Trust by 18.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 12,299 shares of the company’s stock valued at $113,000 after buying an additional 1,892 shares during the period. KCG Holdings Inc. bought a new stake in First Potomac Realty Trust during the second quarter valued at $134,000. Macquarie Group Ltd. increased its stake in First Potomac Realty Trust by 4.9% in the second quarter. Macquarie Group Ltd. now owns 19,875 shares of the company’s stock valued at $182,000 after buying an additional 925 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in First Potomac Realty Trust during the second quarter valued at $196,000. Hedge funds and other institutional investors own 92.12% of the company’s stock.

Shares of First Potomac Realty Trust (NYSE:FPO) opened at 8.75 on Wednesday. First Potomac Realty Trust has a 12-month low of $7.90 and a 12-month high of $12.11. The stock’s market cap is $508.63 million. The firm’s 50-day moving average price is $9.47 and its 200-day moving average price is $9.26.

First Potomac Realty Trust (NYSE:FPO) last released its earnings results on Thursday, July 28th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. First Potomac Realty Trust had a negative net margin of 21.37% and a negative return on equity of 7.60%. The business had revenue of $38.49 million for the quarter, compared to analyst estimates of $39.08 million. During the same period last year, the company posted $0.25 EPS. The business’s revenue was down 10.6% on a year-over-year basis. On average, analysts forecast that First Potomac Realty Trust will post $1.00 EPS for the current fiscal year.

First Potomac Realty Trust Company Profile

First Potomac Realty Trust is engaged in the ownership, management, development and redevelopment 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. It conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership (the Operating Partnership).

5 Day Chart for NYSE:FPO

Receive News & Stock 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 stocks with our FREE daily email newsletter.