First Potomac Realty Trust (NYSE:FPO) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

FPO has been the topic of several other research reports. TheStreet raised shares of First Potomac Realty Trust from a “d+” rating to a “c+” rating in a report on Thursday, April 27th. Stifel Nicolaus lowered shares of First Potomac Realty Trust from a “hold” rating to a “sell” rating and set a $9.50 target price on the stock. in a report on Tuesday, May 2nd. ValuEngine lowered shares of First Potomac Realty Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Evercore ISI lowered shares of First Potomac Realty Trust from an “in-line” rating to an “underperform” rating and set a $11.00 target price on the stock. in a report on Monday, June 12th. Finally, SunTrust Banks, Inc. lowered shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a report on Tuesday, June 13th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.03.

Shares of First Potomac Realty Trust (NYSE FPO) opened at 11.13 on Thursday. The company has a market capitalization of $653.78 million, a P/E ratio of 15.97 and a beta of 0.83. First Potomac Realty Trust has a 12 month low of $8.01 and a 12 month high of $11.46. The company has a 50-day moving average of $11.13 and a 200 day moving average of $10.68.

First Potomac Realty Trust (NYSE:FPO) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm had revenue of $35.40 million for the quarter, compared to analyst estimates of $34.94 million. First Potomac Realty Trust had a net margin of 26.86% and a return on equity of 8.96%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Analysts forecast that First Potomac Realty Trust will post ($0.08) EPS for the current year.

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Several large investors have recently bought and sold shares of FPO. Stifel Financial Corp raised its stake in 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 last quarter. Koch Industries Inc. bought a new position in shares of First Potomac Realty Trust during the second quarter valued at about $122,000. Dynamic Technology Lab Private Ltd bought a new position in shares of First Potomac Realty Trust during the first quarter valued at about $147,000. Forsta AP Fonden bought a new position in shares of First Potomac Realty Trust during the second quarter valued at about $178,000. Finally, Credit Agricole S A increased its position in shares of First Potomac Realty Trust by 48.7% in the first quarter. Credit Agricole S A now owns 18,780 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 6,152 shares during the period. 87.34% of the stock is currently owned by institutional investors and hedge funds.

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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