First Potomac Realty Trust (NYSE:FPO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm presently has a $12.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective points to a potential upside of 7.82% from the company’s current price.

According to Zacks, “First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that acquires, operates and develops industrial and flex properties in Maryland, Virginia and the Washington, D.C. metropolitan area. “

A number of other brokerages also recently weighed in on FPO. TheStreet downgraded First Potomac Realty Trust from a “c” rating to a “d+” rating in a report on Wednesday, March 22nd. Stifel Nicolaus reaffirmed a “sell” rating and issued a $11.15 target price (up previously from $9.50) on shares of First Potomac Realty Trust in a report on Thursday. SunTrust Banks, Inc. raised First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, March 9th. ValuEngine downgraded First Potomac Realty Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Evercore ISI downgraded First Potomac Realty Trust from an “in-line” rating to an “underperform” rating and set a $11.00 target price on the stock. in a report on Monday, June 12th. Two investment 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. The stock currently has an average rating of “Hold” and a consensus price target of $11.03.

First Potomac Realty Trust (NYSE FPO) traded up 0.18% during trading on Monday, reaching $11.13. The company’s stock had a trading volume of 584,892 shares. First Potomac Realty Trust has a 1-year low of $8.01 and a 1-year high of $11.46. The company’s 50 day moving average price is $10.96 and its 200-day moving average price is $10.57. The stock has a market cap of $653.51 million, a P/E ratio of 17.31 and a beta of 0.83.

First Potomac Realty Trust (NYSE:FPO) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $37.80 million for the quarter, compared to the consensus estimate of $37.35 million. First Potomac Realty Trust had a return on equity of 9.31% and a net margin of 27.04%. The company’s revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities analysts forecast that First Potomac Realty Trust will post ($0.08) earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in First Potomac Realty Trust by 3.0% in the fourth quarter. State Street Corp now owns 1,924,280 shares of the real estate investment trust’s stock valued at $21,108,000 after buying an additional 55,425 shares during the period. Dimensional Fund Advisors LP increased its stake in First Potomac Realty Trust by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 825,939 shares of the real estate investment trust’s stock valued at $9,060,000 after buying an additional 7,945 shares during the period. Asset Management One Co. Ltd. increased its stake in First Potomac Realty Trust by 4.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 127,735 shares of the real estate investment trust’s stock valued at $1,378,000 after buying an additional 5,355 shares during the period. Renaissance Technologies LLC increased its stake in First Potomac Realty Trust by 8.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,170,100 shares of the real estate investment trust’s stock valued at $12,836,000 after buying an additional 90,300 shares during the period. Finally, A.R.T. Advisors LLC purchased a new stake in First Potomac Realty Trust during the fourth quarter valued at $300,000. 91.33% of the stock is currently owned by institutional investors.

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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