Dynamic Technology Lab Private Ltd bought a new position in shares of First Potomac Realty Trust (NYSE:FPO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,301 shares of the real estate investment trust’s stock, valued at approximately $147,000.

A number of other institutional investors also recently modified their holdings of FPO. State Street Corp increased its position in shares of First Potomac Realty Trust by 3.0% in the fourth quarter. State Street Corp now owns 1,924,280 shares of the real estate investment trust’s stock worth $21,108,000 after buying an additional 55,425 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of First Potomac Realty Trust by 7.7% in the first quarter. Wells Fargo & Company MN now owns 1,217,734 shares of the real estate investment trust’s stock worth $12,517,000 after buying an additional 87,526 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of First Potomac Realty Trust by 8.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,170,100 shares of the real estate investment trust’s stock worth $12,836,000 after buying an additional 90,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of First Potomac Realty Trust by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 825,939 shares of the real estate investment trust’s stock worth $9,060,000 after buying an additional 7,945 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of First Potomac Realty Trust by 202.0% in the first quarter. Ameriprise Financial Inc. now owns 413,502 shares of the real estate investment trust’s stock worth $4,255,000 after buying an additional 276,600 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

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

First Potomac Realty Trust (NYSE FPO) opened at 11.05 on Wednesday. The firm has a market capitalization of $648.81 million, a P/E ratio of 17.19 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 stock’s 50 day moving average price is $10.86 and its 200 day moving average price is $10.53.

First Potomac Realty Trust (NYSE:FPO) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm had revenue of $37.80 million during the quarter, compared to analyst estimates of $37.35 million. First Potomac Realty Trust had a net margin of 27.04% and a return on equity of 9.31%. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. On average, analysts forecast that First Potomac Realty Trust will post ($0.08) earnings per share for the current year.

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FPO has been the subject of a number of research reports. TheStreet downgraded First Potomac Realty Trust from a “c” rating to a “d+” rating in a research note on Wednesday, March 22nd. SunTrust Banks, Inc. upgraded First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, March 9th. Stifel Nicolaus downgraded First Potomac Realty Trust from a “hold” rating to a “sell” rating and set a $9.50 target price for the company. in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Finally, Evercore ISI upgraded First Potomac Realty Trust from a “hold” rating to an “outperform” rating in a research note on Friday, March 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. First Potomac Realty Trust currently has an average rating of “Hold” and a consensus price target of $10.63.

About First Potomac Realty Trust

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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