First Potomac Realty Trust’s “Equal Weight” Rating Reaffirmed at Evercore Partners (FPO)
First Potomac Realty Trust (NYSE:FPO)‘s stock had its “equal weight” rating reiterated by research analysts at Evercore Partners in a report released on Tuesday, AR Network reports. They currently have a $14.00 target price on the stock. Evercore Partners’ price target would suggest a potential upside of 6.46% from the stock’s previous close.
Separately, analysts at MLV & Co
initiated coverage on shares of First Potomac Realty Trust in a research note on Tuesday, March 25th. They set a “buy” rating and a $16.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. First Potomac Realty Trust presently has an average rating of “Buy” and a consensus target price of $14.91.
Shares of First Potomac Realty Trust (NYSE:FPO) traded down 0.38% during mid-day trading on Tuesday, hitting $13.10. The stock had a trading volume of 41,641 shares. First Potomac Realty Trust has a 1-year low of $10.96 and a 1-year high of $16.03. The stock’s 50-day moving average is $12.78 and its 200-day moving average is $12.3. The company’s market cap is $770.0 million.
First Potomac Realty Trust (NYSE:FPO) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. During the same quarter in the previous year, the company posted $0.30 earnings per share. Analysts expect that First Potomac Realty Trust will post $0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Friday, May 2nd.
First Potomac Realty Trustis engaged in the ownership, management, development and redevelopment of office, business park and industrial properties in the greater Washington, D.
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