First Potomac Realty Trust (FPO) Receives Consensus Rating of “Hold” from Analysts

First Potomac Realty Trust (NYSE:FPO) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.29.

Several analysts have recently commented on the stock. KeyCorp set a $12.00 price target on shares of First Potomac Realty Trust and gave the company a “buy” rating in a research note on Sunday, October 29th. Stifel Nicolaus reissued a “sell” rating and set a $11.15 price target on shares of First Potomac Realty Trust in a research note on Thursday, September 21st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPO. Koch Industries Inc. bought a new stake in shares of First Potomac Realty Trust during the second quarter valued at approximately $122,000. Stifel Financial Corp grew its stake in shares of First Potomac Realty Trust by 2.7% during the second quarter. Stifel Financial Corp now owns 11,916 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 310 shares during the last quarter. QS Investors LLC bought a new stake in shares of First Potomac Realty Trust during the second quarter valued at approximately $208,000. FNY Partners Fund LP bought a new stake in shares of First Potomac Realty Trust during the third quarter valued at approximately $334,000. Finally, Aperio Group LLC grew its stake in shares of First Potomac Realty Trust by 27.4% during the second 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. 93.07% of the stock is currently owned by institutional investors and hedge funds.

First Potomac Realty Trust (NYSE:FPO) traded down $0.01 during midday trading on Friday, hitting $11.14. 1,951,600 shares of the stock traded hands, compared to its average volume of 385,264. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.50 and a quick ratio of 1.50. First Potomac Realty Trust has a 12 month low of $8.01 and a 12 month high of $11.46.

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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.

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