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

Shares of First Potomac Realty Trust (NYSE:FPO) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.03.

Several brokerages recently issued reports on FPO. KeyCorp set a $12.00 price objective on First Potomac Realty Trust and gave the stock a “buy” rating in a research report on Sunday, October 29th. Stifel Nicolaus restated a “sell” rating and set a $11.15 price objective on shares of First Potomac Realty Trust in a research report on Thursday, September 21st. Zacks Investment Research downgraded First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded First Potomac Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th.

A number of hedge funds have recently added to or reduced their stakes in FPO. Stifel Financial Corp grew its stake in shares of First Potomac Realty Trust by 2.7% during the 2nd quarter. Stifel Financial Corp now owns 11,916 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 310 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of First Potomac Realty Trust by 0.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,342 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 510 shares during the period. Credit Suisse AG grew its stake in shares of First Potomac Realty Trust by 0.3% during the 1st quarter. Credit Suisse AG now owns 230,968 shares of the real estate investment trust’s stock valued at $2,375,000 after buying an additional 745 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of First Potomac Realty Trust by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,217 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 902 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of First Potomac Realty Trust by 5.4% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 43,724 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 2,253 shares during the period. 93.07% of the stock is owned by hedge funds and other institutional investors.

Shares of First Potomac Realty Trust (NYSE FPO) traded down $0.01 during trading on Monday, hitting $11.14. The company had a trading volume of 1,951,600 shares, compared to its average volume of 385,264. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.50 and a quick ratio of 1.50. First Potomac Realty Trust has a 1 year low of $8.01 and a 1 year high of $11.46.

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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.

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

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