Credit Agricole S A continued to hold its stake in First Potomac Realty Trust (NYSE:FPO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,628 shares of the real estate investment trust’s stock at the end of the fourth quarter. Credit Agricole S A’s holdings in First Potomac Realty Trust were worth $139,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FPO. California Public Employees Retirement System increased its position in shares of First Potomac Realty Trust by 1.6% in the third quarter. California Public Employees Retirement System now owns 198,026 shares of the real estate investment trust’s stock valued at $1,812,000 after buying an additional 3,100 shares during the period. Wells Fargo & Company MN increased its position in shares of First Potomac Realty Trust by 3.1% in the third quarter. Wells Fargo & Company MN now owns 1,120,971 shares of the real estate investment trust’s stock valued at $10,257,000 after buying an additional 33,435 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in shares of First Potomac Realty Trust by 28.8% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 14,464 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 3,238 shares during the period. First Trust Advisors LP boosted its position in shares of First Potomac Realty Trust by 13.1% in the third quarter. First Trust Advisors LP now owns 29,841 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 3,450 shares in the last quarter. Finally, Aperio Group LLC bought a new position in shares of First Potomac Realty Trust during the third quarter valued at about $127,000. 91.75% of the stock is owned by institutional investors and hedge funds.

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

First Potomac Realty Trust (NYSE:FPO) traded down 0.046% on Friday, reaching $10.925. 81,955 shares of the company’s stock traded hands. First Potomac Realty Trust has a 12-month low of $8.01 and a 12-month high of $11.16. The stock’s market cap is $641.28 million. The stock has a 50 day moving average price of $10.14 and a 200 day moving average price of $9.95.

First Potomac Realty Trust (NYSE:FPO) last announced its quarterly earnings results on Thursday, February 23rd. The real estate investment trust reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $38.97 million for the quarter, compared to analyst estimates of $39.83 million. First Potomac Realty Trust had a negative net margin of 22.83% and a negative return on equity of 8.28%. The firm’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Analysts forecast that First Potomac Realty Trust will post ($0.08) EPS for the current year.

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Several brokerages recently issued reports on FPO. Evercore ISI upgraded shares of First Potomac Realty Trust from a “hold” rating to an “outperform” rating in a research report on Friday, March 3rd. SunTrust Banks, Inc. upgraded 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. TheStreet cut shares of First Potomac Realty Trust from a “c” rating to a “d+” rating in a report on Wednesday, March 22nd. Finally, Zacks Investment Research cut shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.45.

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.

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