Cubist Systematic Strategies LLC Invests $537,000 in First Potomac Realty Trust (FPO) Stock
Cubist Systematic Strategies LLC acquired a new position in First Potomac Realty Trust (NYSE:FPO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,219 shares of the real estate investment trust’s stock, valued at approximately $537,000. Cubist Systematic Strategies LLC owned approximately 0.08% of First Potomac Realty Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Koch Industries Inc. bought a new position in shares of First Potomac Realty Trust in the 2nd quarter worth about $122,000. Stifel Financial Corp increased its stake in shares of First Potomac Realty Trust by 2.7% in the 2nd quarter. Stifel Financial Corp now owns 11,916 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 310 shares in the last quarter. QS Investors LLC bought a new position in shares of First Potomac Realty Trust in the 2nd quarter worth about $208,000. FNY Partners Fund LP purchased a new stake in First Potomac Realty Trust during the 3rd quarter valued at about $334,000. Finally, Aperio Group LLC grew its position in First Potomac Realty Trust by 27.4% during the 2nd quarter. Aperio Group LLC now owns 30,473 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 6,556 shares during the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.
Shares of First Potomac Realty Trust (FPO) opened at $11.14 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $654.37, a PE ratio of 16.14 and a beta of 0.80. First Potomac Realty Trust has a 1-year low of $8.01 and a 1-year high of $11.46.
FPO has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “sell” rating and set a $11.15 price objective on shares of First Potomac Realty Trust in a research report on Thursday, September 21st. KeyCorp set a $12.00 price objective on shares of First Potomac Realty Trust and gave the company a “buy” rating in a research report on Sunday, October 29th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.43.
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First Potomac Realty Trust 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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