BidaskClub lowered shares of First Potomac Realty Trust (NYSE:FPO) from a hold rating to a sell rating in a research report released on Thursday morning.

A number of other equities analysts have also recently issued reports on FPO. TheStreet upgraded First Potomac Realty Trust from a d+ rating to a c+ rating in a report on Thursday, April 27th. Stifel Nicolaus cut First Potomac Realty Trust from a hold rating to a sell rating and set a $9.50 price objective for the company. in a report on Tuesday, May 2nd. ValuEngine cut First Potomac Realty Trust from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Evercore ISI cut First Potomac Realty Trust from an in-line rating to an underperform rating and set a $11.00 price objective for the company. in a report on Monday, June 12th. Finally, SunTrust Banks, Inc. cut First Potomac Realty Trust from a buy rating to a hold rating and set a $11.00 price objective for the company. in a report on Tuesday, June 13th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. First Potomac Realty Trust presently has a consensus rating of Hold and an average target price of $11.03.

First Potomac Realty Trust (FPO) traded up 0.09% during mid-day trading on Thursday, reaching $11.10. The company had a trading volume of 91,957 shares. The firm’s 50-day moving average price is $11.13 and its 200-day moving average price is $10.65. First Potomac Realty Trust has a 12 month low of $8.01 and a 12 month high of $11.46. The stock has a market cap of $652.03 million, a PE ratio of 15.93 and a beta of 0.83.

First Potomac Realty Trust (NYSE:FPO) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $35.40 million during the quarter, compared to analysts’ expectations of $34.94 million. First Potomac Realty Trust had a return on equity of 9.04% and a net margin of 26.86%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Equities research analysts forecast that First Potomac Realty Trust will post ($0.08) EPS for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in shares of First Potomac Realty Trust by 12.3% in the fourth quarter. Macquarie Group Ltd. now owns 26,050 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 2,850 shares during the period. Ranger Global Real Estate Advisors LLC purchased a new stake in shares of First Potomac Realty Trust during the first quarter valued at about $2,596,000. Guyasuta Investment Advisors Inc. increased its stake in shares of First Potomac Realty Trust by 2.2% in the first quarter. Guyasuta Investment Advisors Inc. now owns 186,500 shares of the real estate investment trust’s stock valued at $1,917,000 after buying an additional 4,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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. Finally, KBC Group NV increased its stake in shares of First Potomac Realty Trust by 3.1% in the first quarter. KBC Group NV now owns 59,481 shares of the real estate investment trust’s stock valued at $611,000 after buying an additional 1,773 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

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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