Longfellow Investment Management Co. LLC acquired a new stake in First Potomac Realty Trust (NYSE:FPO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 327,784 shares of the real estate investment trust’s stock, valued at approximately $3,652,000. Longfellow Investment Management Co. LLC owned approximately 0.56% of First Potomac Realty Trust at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. 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 valued at $119,000 after buying an additional 1,225 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of First Potomac Realty Trust in the second quarter valued at approximately $122,000. Forsta AP Fonden purchased a new stake in shares of First Potomac Realty Trust in the second quarter valued at approximately $178,000. 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 in the last quarter. Finally, QS Investors LLC purchased a new stake in shares of First Potomac Realty Trust in the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 93.07% of the company’s stock.

First Potomac Realty Trust (NYSE:FPO) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $35.40 million during the quarter, compared to the consensus estimate of $34.94 million. First Potomac Realty Trust had a negative return on equity of 2.35% and a negative net margin of 7.99%. First Potomac Realty Trust’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share.

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A number of analysts have recently commented on FPO shares. Stifel Nicolaus restated a “sell” rating and issued a $11.15 price objective (up from $9.50) on shares of First Potomac Realty Trust in a research report on Thursday, June 29th. Zacks Investment Research upgraded First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Monday, July 3rd. BidaskClub cut First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, KeyCorp restated a “buy” rating and issued a $12.00 price objective on shares of First Potomac Realty Trust in a research report on Friday, August 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. First Potomac Realty Trust currently has an average rating of “Hold” and an average target price of $11.19.

First Potomac Realty Trust 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.

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

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