Nomura Asset Management Co. Ltd. decreased its stake in shares of First Potomac Realty Trust (NYSE:FPO) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,500 shares of the real estate investment trust’s stock after selling 4,500 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.06% of First Potomac Realty Trust worth $373,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of First Potomac Realty Trust by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 920,858 shares of the real estate investment trust’s stock worth $10,267,000 after purchasing an additional 55,298 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in shares of First Potomac Realty Trust by 115.1% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 208,200 shares of the real estate investment trust’s stock worth $2,319,000 after purchasing an additional 111,400 shares during the last quarter. Legal & General Group Plc increased its position in shares of First Potomac Realty Trust by 18.6% during the 3rd quarter. Legal & General Group Plc now owns 161,893 shares of the real estate investment trust’s stock worth $1,804,000 after purchasing an additional 25,349 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of First Potomac Realty Trust during the 3rd quarter worth approximately $334,000. Finally, K2 Principal Fund L.P. increased its position in shares of First Potomac Realty Trust by 76.1% during the 3rd quarter. K2 Principal Fund L.P. now owns 610,403 shares of the real estate investment trust’s stock worth $6,800,000 after purchasing an additional 263,848 shares during the last quarter. 93.07% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on FPO shares. KeyCorp set a $12.00 target price on First Potomac Realty Trust and gave the stock a “buy” rating in a research note on Sunday, October 29th. Stifel Nicolaus reiterated a “sell” rating and set a $11.15 target price on shares of First Potomac Realty Trust in a research note on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. First Potomac Realty Trust has an average rating of “Hold” and a consensus target price of $11.43.

Shares of First Potomac Realty Trust (NYSE:FPO) opened at $11.14 on Tuesday. First Potomac Realty Trust has a one year low of $8.01 and a one year high of $11.46. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.50 and a quick ratio of 1.50.

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

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