Susquehanna International Group LLP acquired a new stake in shares of First Potomac Realty Trust (NYSE:FPO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 49,825 shares of the real estate investment trust’s stock, valued at approximately $554,000. Susquehanna International Group LLP owned 0.08% of First Potomac Realty Trust at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FPO. Great West Life Assurance Co. Can grew its position in shares of First Potomac Realty Trust by 5.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,294 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 2,064 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of First Potomac Realty Trust by 0.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 25,067 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 187 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of First Potomac Realty Trust by 11.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 90,730 shares of the real estate investment trust’s stock valued at $933,000 after acquiring an additional 8,959 shares during the period. Karp Capital Management Corp bought a new stake in shares of First Potomac Realty Trust during the 1st quarter valued at $246,000. Finally, Ameriprise Financial Inc. grew its position in shares of First Potomac Realty Trust by 202.0% during the 1st quarter. Ameriprise Financial Inc. now owns 413,502 shares of the real estate investment trust’s stock valued at $4,255,000 after acquiring an additional 276,600 shares during the period. 93.07% of the stock is owned by hedge funds and other institutional investors.

First Potomac Realty Trust (NYSE:FPO) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The company had revenue of $35.40 million for the quarter, compared to analyst estimates of $34.94 million. First Potomac Realty Trust had a net margin of 26.86% and a return on equity of 8.96%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share.

A number of equities research analysts have recently issued reports on FPO shares. KeyCorp reissued a “buy” rating and set a $12.00 price objective on shares of First Potomac Realty Trust in a research report on Friday, August 25th. Stifel Nicolaus reissued a “sell” rating and set a $11.15 price objective (up previously from $9.50) on shares of First Potomac Realty Trust in a research report on Thursday, June 29th. Zacks Investment Research raised shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Monday, July 3rd. Finally, BidaskClub downgraded shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Three 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. The company presently has a consensus rating of “Hold” and a consensus target price of $11.19.

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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.

Institutional Ownership by Quarter for First Potomac Realty Trust (NYSE:FPO)

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