First Potomac Realty Trust (FPO) Given Average Rating of “Hold” by Brokerages

Shares of First Potomac Realty Trust (NYSE:FPO) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.00.

FPO has been the topic of several research analyst reports. SunTrust Banks, Inc. cut shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 19th. Evercore ISI raised shares of First Potomac Realty Trust from a “hold” rating to an “outperform” rating in a research note on Friday, March 3rd. Zacks Investment Research raised shares of First Potomac Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 16th. TheStreet raised shares of First Potomac Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, January 23rd. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $10.00 price objective on shares of First Potomac Realty Trust in a research note on Thursday, December 1st.

First Potomac Realty Trust (NYSE:FPO) traded up 0.20% on Monday, reaching $9.82. 39,621 shares of the company’s stock traded hands. The firm’s market capitalization is $576.41 million. First Potomac Realty Trust has a 52-week low of $8.01 and a 52-week high of $11.16. The firm’s 50 day moving average price is $10.10 and its 200 day moving average price is $9.80.

First Potomac Realty Trust (NYSE:FPO) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $39.83 million. First Potomac Realty Trust had a negative net margin of 22.83% and a negative return on equity of 8.28%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. On average, analysts predict that First Potomac Realty Trust will post ($0.08) EPS for the current fiscal year.

Your IP Address:

A number of hedge funds have recently modified their holdings of FPO. Prudential Financial Inc. boosted its stake in shares of First Potomac Realty Trust by 2.2% in the third quarter. Prudential Financial Inc. now owns 5,196,561 shares of the company’s stock valued at $47,548,000 after buying an additional 111,028 shares in the last quarter. Lombardia Capital Partners LLC raised its position in shares of First Potomac Realty Trust by 13.2% in the third quarter. Lombardia Capital Partners LLC now owns 907,222 shares of the company’s stock worth $8,301,000 after buying an additional 105,823 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of First Potomac Realty Trust by 8.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,170,100 shares of the company’s stock worth $12,836,000 after buying an additional 90,300 shares during the last quarter. State Street Corp raised its position in shares of First Potomac Realty Trust by 3.0% in the fourth quarter. State Street Corp now owns 1,924,280 shares of the company’s stock worth $21,108,000 after buying an additional 55,425 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of First Potomac Realty Trust by 53.0% in the fourth quarter. Two Sigma Investments LP now owns 123,857 shares of the company’s stock worth $1,359,000 after buying an additional 42,896 shares during the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

About First Potomac Realty Trust

First Potomac Realty Trust is engaged in the ownership, management, development and redevelopment 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. It conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership (the Operating Partnership).

5 Day Chart for NYSE:FPO

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/first-potomac-realty-trust-fpo-given-average-rating-of-hold-by-brokerages/1708993.html

Receive News & Ratings for First Potomac Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Potomac Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *