Prudential Financial Inc. cut its position in First Potomac Realty Trust (NYSE:FPO) by 56.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,225 shares of the real estate investment trust’s stock after selling 126,680 shares during the quarter. Prudential Financial Inc. owned 0.17% of First Potomac Realty Trust worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vivaldi Capital Management LLC acquired a new position in First Potomac Realty Trust during the 2nd quarter worth $64,416,000. Stifel Financial Corp grew its stake in First Potomac Realty Trust by 2.7% during the 2nd quarter. Stifel Financial Corp now owns 11,916 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 310 shares in the last quarter. QS Investors LLC acquired a new position in First Potomac Realty Trust during the 2nd quarter worth $208,000. Aperio Group LLC grew its stake 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 worth $339,000 after purchasing an additional 6,556 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in First Potomac Realty Trust by 21.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 30,501 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 5,434 shares in the last quarter. 93.07% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. KeyCorp set a $12.00 target price on First Potomac Realty Trust and gave the stock a “buy” rating in a research note on Sunday, October 29th. Stifel Nicolaus reissued a “sell” rating and set a $11.15 target price on shares of First Potomac Realty Trust in a research note on Thursday, September 21st. Finally, BidaskClub cut First Potomac Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. First Potomac Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $11.43.

First Potomac Realty Trust (NYSE FPO) opened at $11.14 on Friday. First Potomac Realty Trust has a one year low of $8.01 and a one year high of $11.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.38.

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

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