Analysts expect First Potomac Realty Trust (NYSE:FPO) to report $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for First Potomac Realty Trust’s earnings, with estimates ranging from $0.20 to $0.22. First Potomac Realty Trust posted earnings per share of $0.27 in the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The company is scheduled to report its next quarterly earnings report on Thursday, July 27th.

According to Zacks, analysts expect that First Potomac Realty Trust will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.85. For the next fiscal year, analysts forecast that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.76 to $0.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for First Potomac Realty Trust.

First Potomac Realty Trust (NYSE:FPO) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. First Potomac Realty Trust had a return on equity of 9.31% and a net margin of 27.04%. The business had revenue of $37.80 million during the quarter, compared to analysts’ expectations of $37.35 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s revenue was down 11.5% compared to the same quarter last year.

Several equities research analysts have commented on the stock. BidaskClub lowered shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, July 3rd. Stifel Nicolaus restated a “sell” rating and issued a $11.15 price target (up previously from $9.50) on shares of First Potomac Realty Trust in a research note on Thursday, June 29th. TheStreet upgraded shares of First Potomac Realty Trust from a “d+” rating to a “c+” rating in a research note on Thursday, April 27th. Finally, Evercore ISI lowered shares of First Potomac Realty Trust from an “in-line” rating to an “underperform” rating and set a $11.00 price target on the stock. in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. First Potomac Realty Trust has an average rating of “Hold” and an average target price of $11.03.

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Shares of First Potomac Realty Trust (NYSE FPO) traded down 0.18% during trading on Wednesday, hitting $11.10. The company’s stock had a trading volume of 449,941 shares. The company has a 50-day moving average price of $11.13 and a 200-day moving average price of $10.64. The stock has a market cap of $651.75 million, a PE ratio of 17.26 and a beta of 0.83. First Potomac Realty Trust has a one year low of $8.01 and a one year high of $11.46.

Several hedge funds and other institutional investors have recently bought and sold shares of FPO. Forsta AP Fonden bought a new position in First Potomac Realty Trust during the second quarter valued at about $178,000. Aperio Group LLC boosted its stake in shares of First Potomac Realty Trust by 27.4% in the second quarter. Aperio Group LLC now owns 30,473 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 6,556 shares during the last quarter. Ranger Global Real Estate Advisors LLC acquired a new stake in shares of First Potomac Realty Trust during the first quarter worth $2,596,000. Goldman Sachs Group Inc. boosted its stake in shares of First Potomac Realty Trust by 63.8% in the first quarter. Goldman Sachs Group Inc. now owns 201,554 shares of the real estate investment trust’s stock worth $2,072,000 after buying an additional 78,504 shares during the last quarter. Finally, Credit Suisse AG boosted its stake in shares of First Potomac Realty Trust by 0.3% in the first quarter. Credit Suisse AG now owns 230,968 shares of the real estate investment trust’s stock worth $2,375,000 after buying an additional 745 shares during the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.

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.

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Earnings History and Estimates for First Potomac Realty Trust (NYSE:FPO)

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