KeyCorp reissued their buy rating on shares of First Potomac Realty Trust (NYSE:FPO) in a research note published on Friday. The firm currently has a $12.00 price target on the real estate investment trust’s stock.

FPO has been the topic of several other research reports. BidaskClub lowered shares of First Potomac Realty Trust from a hold rating to a sell rating in a report on Thursday, July 27th. Stifel Nicolaus downgraded shares of 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 report on Tuesday, May 2nd. SunTrust Banks, Inc. downgraded shares of First Potomac Realty Trust from a buy rating to a hold rating and set a $11.00 target price for the company. in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Evercore ISI lowered shares of First Potomac Realty Trust from an in-line rating to an underperform rating and set a $11.00 price target for the company. in a report on Monday, June 12th. Finally, ValuEngine lowered shares of First Potomac Realty Trust from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. First Potomac Realty Trust has an average rating of Hold and a consensus target price of $11.19.

Shares of First Potomac Realty Trust (NYSE:FPO) opened at 11.10 on Friday. The company has a market cap of $652.01 million, a price-to-earnings ratio of 15.93 and a beta of 0.83. The firm’s 50-day moving average price is $11.13 and its 200 day moving average price is $10.72. First Potomac Realty Trust has a 12-month low of $8.01 and a 12-month high of $11.46.

First Potomac Realty Trust (NYSE:FPO) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. First Potomac Realty Trust had a net margin of 26.86% and a return on equity of 8.96%. The firm had revenue of $35.40 million during the quarter, compared to analysts’ expectations of $34.94 million. During the same period in the prior year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts predict that First Potomac Realty Trust will post ($0.08) earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new position in shares of First Potomac Realty Trust during the second quarter worth about $122,000. Susquehanna International Group LLP purchased a new stake in shares of First Potomac Realty Trust during the second quarter worth about $554,000. The Manufacturers Life Insurance Company boosted its stake in shares of First Potomac Realty Trust by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 48,217 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 902 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of First Potomac Realty Trust during the second quarter worth about $500,000. Finally, CNH Partners LLC purchased a new stake in shares of First Potomac Realty Trust during the second quarter worth about $4,474,000. Hedge funds and other institutional investors own 93.19% of the company’s stock.

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.

Analyst Recommendations for First Potomac Realty Trust (NYSE:FPO)

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