Strs Ohio lowered its position in First Potomac Realty Trust (NYSE:FPO) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,248 shares of the real estate investment trust’s stock after selling 13,328 shares during the period. Strs Ohio’s holdings in First Potomac Realty Trust were worth $1,024,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in First Potomac Realty Trust by 11.8% in the first quarter. Stifel Financial Corp now owns 11,606 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 1,225 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in First Potomac Realty Trust during the first quarter worth about $147,000. Forsta AP Fonden bought a new position in First Potomac Realty Trust during the second quarter worth about $178,000. Credit Agricole S A raised its position in First Potomac Realty Trust by 48.7% in the first quarter. Credit Agricole S A now owns 18,780 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 6,152 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in First Potomac Realty Trust during the first quarter worth about $246,000. 87.34% of the stock is currently owned by hedge funds and other institutional investors.

First Potomac Realty Trust (NYSE FPO) opened at 11.13 on Wednesday. The stock has a market cap of $653.78 million, a price-to-earnings ratio of 15.97 and a beta of 0.83. First Potomac Realty Trust has a 12-month low of $8.01 and a 12-month high of $11.46. The company’s 50 day moving average price is $11.14 and its 200-day moving average price is $10.68.

First Potomac Realty Trust (NYSE:FPO) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm 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%. First Potomac Realty Trust’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts forecast that First Potomac Realty Trust will post ($0.08) EPS for the current year.

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A number of research firms recently issued reports on FPO. BidaskClub raised First Potomac Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research lowered First Potomac Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. lowered First Potomac Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a report on Tuesday, June 13th. They noted that the move was a valuation call. Evercore ISI lowered First Potomac Realty Trust from an “in-line” rating to an “underperform” rating and set a $11.00 price target on the stock. in a report on Monday, June 12th. Finally, Stifel Nicolaus reissued a “sell” rating and set a $11.15 price target (up previously from $9.50) on shares of First Potomac Realty Trust in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.03.

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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