First Potomac Realty Trust (FPO) Earning Somewhat Positive News Coverage, Analysis Finds
News stories about First Potomac Realty Trust (NYSE:FPO) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Potomac Realty Trust earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.6162979400165 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
First Potomac Realty Trust (FPO) opened at 11.13 on Tuesday. The company has a market cap of $653.78 million, a P/E ratio of 15.97 and a beta of 0.80. First Potomac Realty Trust has a 52 week low of $8.01 and a 52 week high of $11.46. The firm has a 50-day moving average price of $11.12 and a 200 day moving average price of $10.78.
First Potomac Realty Trust (NYSE:FPO) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $35.40 million during the quarter, compared to analysts’ expectations of $34.94 million. First Potomac Realty Trust had a return on equity of 8.96% and a net margin of 26.86%. First Potomac Realty Trust’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. Analysts expect that First Potomac Realty Trust will post ($0.08) EPS for the current fiscal year.
Several equities research analysts recently weighed in on FPO shares. Stifel Nicolaus reissued a “sell” rating and issued a $11.15 price objective (up previously from $9.50) on shares of First Potomac Realty Trust in a report on Thursday, June 29th. BidaskClub raised First Potomac Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th. KeyCorp reissued a “buy” rating and issued a $12.00 price objective on shares of First Potomac Realty Trust in a report on Friday, August 25th. Zacks Investment Research lowered First Potomac Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, SunTrust Banks, Inc. lowered First Potomac Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Tuesday, June 13th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.19.
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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