First Potomac Realty Trust (NYSE:FPO) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.67.

A number of equities analysts recently commented on FPO shares. Stifel Nicolaus increased their price target on First Potomac Realty Trust from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, August 1st. Zacks Investment Research lowered First Potomac Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, SunTrust Banks Inc. raised First Potomac Realty Trust from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Friday, September 16th. They noted that the move was a valuation call.

First Potomac Realty Trust (NYSE:FPO) opened at 9.50 on Thursday. The stock’s 50 day moving average price is $8.84 and its 200 day moving average price is $9.27. The stock’s market capitalization is $553.98 million. First Potomac Realty Trust has a 1-year low of $7.90 and a 1-year high of $11.72.

First Potomac Realty Trust (NYSE:FPO) last released its earnings results on Thursday, October 27th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. First Potomac Realty Trust had a negative return on equity of 8.28% and a negative net margin of 22.83%. The firm earned $40.20 million during the quarter, compared to analysts’ expectations of $39.54 million. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, equities research analysts predict that First Potomac Realty Trust will post $1.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 8th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, November 4th. First Potomac Realty Trust’s payout ratio is -46.51%.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in First Potomac Realty Trust by 2.0% in the second quarter. Vanguard Group Inc. now owns 8,581,519 shares of the company’s stock valued at $78,949,000 after buying an additional 171,818 shares during the last quarter. FMR LLC raised its stake in First Potomac Realty Trust by 4.4% in the second quarter. FMR LLC now owns 7,910,492 shares of the company’s stock valued at $72,776,000 after buying an additional 336,010 shares during the last quarter. Prudential Financial Inc. raised its stake in First Potomac Realty Trust by 2.2% in the third quarter. Prudential Financial Inc. now owns 5,196,561 shares of the company’s stock valued at $47,548,000 after buying an additional 111,028 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in First Potomac Realty Trust by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,514,702 shares of the company’s stock valued at $22,783,000 after buying an additional 21,128 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in First Potomac Realty Trust by 8.2% in the third quarter. BlackRock Fund Advisors now owns 1,646,485 shares of the company’s stock valued at $15,065,000 after buying an additional 124,857 shares during the last quarter. 91.88% of the stock is owned by institutional investors and hedge funds.

About First Potomac Realty Trust

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).

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