Wall Street brokerages forecast that First Potomac Realty Trust (NYSE:FPO) will report sales of $34.84 million for the current quarter, according to Zacks. Three analysts have provided estimates for First Potomac Realty Trust’s earnings, with the highest sales estimate coming in at $37.14 million and the lowest estimate coming in at $33.57 million. First Potomac Realty Trust posted sales of $40.17 million in the same quarter last year, which suggests a negative year-over-year growth rate of 13.3%. The company is expected to issue its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that First Potomac Realty Trust will report full-year sales of $34.84 million for the current fiscal year, with estimates ranging from $138.33 million to $149.25 million. For the next fiscal year, analysts anticipate that the company will report sales of $136.74 million per share, with estimates ranging from $129.84 million to $145.15 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for First Potomac Realty Trust.

First Potomac Realty Trust (NYSE:FPO) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. First Potomac Realty Trust had a return on equity of 8.96% and a net margin of 26.86%. The company had revenue of $35.40 million during the quarter, compared to analyst estimates of $34.94 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis.

A number of analysts have weighed in on the company. BidaskClub lowered First Potomac Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “sell” rating and set a $11.15 price target (up from $9.50) on shares of First Potomac Realty Trust in a research report on Thursday, June 29th. SunTrust Banks, Inc. downgraded First Potomac Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Finally, Evercore ISI downgraded First Potomac Realty Trust from an “in-line” rating to an “underperform” rating and set a $11.00 price target on the stock. in a research report on Monday, June 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.03.

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Several institutional investors have recently modified their holdings of FPO. Vivaldi Capital Management LLC acquired a new position in shares of First Potomac Realty Trust during the second quarter worth about $64,416,000. Stifel Financial Corp increased its position in shares of 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 worth $119,000 after buying an additional 1,225 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of First Potomac Realty Trust during the first quarter worth about $147,000. Forsta AP Fonden acquired a new position in shares of First Potomac Realty Trust during the second quarter worth about $178,000. Finally, QS Investors LLC acquired a new position in shares of First Potomac Realty Trust during the second quarter worth about $208,000. 87.34% of the stock is currently owned by institutional investors and hedge funds.

First Potomac Realty Trust (NYSE:FPO) traded down 0.09% on Wednesday, reaching $11.11. The company had a trading volume of 445,127 shares. The stock’s 50-day moving average is $11.13 and its 200-day moving average is $10.69. The company has a market capitalization of $652.60 million, a P/E ratio of 15.94 and a beta of 0.83. First Potomac Realty Trust has a 52 week low of $8.01 and a 52 week high of $11.46.

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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Earnings History and Estimates for First Potomac Realty Trust (NYSE:FPO)

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