First Potomac Realty Trust (NYSE:FPO) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.03.

A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. KeyCorp set a $12.00 target price on shares of First Potomac Realty Trust and gave the company a “buy” rating in a research report on Sunday. Stifel Nicolaus reaffirmed a “sell” rating and issued a $11.15 target price on shares of First Potomac Realty Trust in a research report on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of First Potomac Realty Trust by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 9,558,192 shares of the real estate investment trust’s stock worth $106,192,000 after buying an additional 504,368 shares during the last quarter. State Street Corp lifted its stake in shares of First Potomac Realty Trust by 1.4% during the 2nd quarter. State Street Corp now owns 2,040,557 shares of the real estate investment trust’s stock worth $22,671,000 after buying an additional 27,914 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of First Potomac Realty Trust by 16.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,585,700 shares of the real estate investment trust’s stock worth $17,617,000 after buying an additional 218,700 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Potomac Realty Trust by 3.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,255,234 shares of the real estate investment trust’s stock worth $13,946,000 after buying an additional 37,500 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of First Potomac Realty Trust by 6.2% during the 2nd quarter. Northern Trust Corp now owns 1,005,511 shares of the real estate investment trust’s stock worth $11,171,000 after buying an additional 58,990 shares during the last quarter. Institutional investors own 93.07% of the company’s stock.

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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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