TD Asset Management Inc. cut its stake in shares of First Potomac Realty Trust (NYSE:FPO) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,900 shares of the company’s stock after selling 800 shares during the period. TD Asset Management Inc.’s holdings in First Potomac Realty Trust were worth $174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mizuho Trust & Banking Co. Ltd. increased its position in shares of First Potomac Realty Trust by 5.1% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 11,226 shares of the company’s stock valued at $103,000 after buying an additional 541 shares during the last quarter. Quantitative Systematic Strategies LLC increased its stake in First Potomac Realty Trust by 18.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 12,299 shares of the company’s stock worth $113,000 after buying an additional 1,892 shares in the last quarter. BlackRock Inc. increased its stake in First Potomac Realty Trust by 5.0% in the first quarter. BlackRock Inc. now owns 57,025 shares of the company’s stock worth $516,000 after buying an additional 2,736 shares in the last quarter. Geode Capital Management LLC increased its stake in First Potomac Realty Trust by 2.1% in the first quarter. Geode Capital Management LLC now owns 473,947 shares of the company’s stock worth $4,293,000 after buying an additional 9,950 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in First Potomac Realty Trust by 25.1% in the first quarter. Royal Bank of Canada now owns 70,992 shares of the company’s stock worth $643,000 after buying an additional 14,256 shares in the last quarter. 92.12% of the stock is owned by hedge funds and other institutional investors.

Shares of First Potomac Realty Trust (NYSE:FPO) traded down 0.22% during trading on Tuesday, reaching $9.03. 271,436 shares of the company were exchanged. First Potomac Realty Trust has a 1-year low of $7.90 and a 1-year high of $12.11. The stock’s 50 day moving average is $9.76 and its 200 day moving average is $9.23. The company’s market capitalization is $524.90 million.

First Potomac Realty Trust (NYSE:FPO) last announced its earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. First Potomac Realty Trust had a negative net margin of 21.37% and a negative return on equity of 7.60%. The business earned $38.49 million during the quarter, compared to analysts’ expectations of $39.08 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was down 10.6% on a year-over-year basis. Equities analysts anticipate that First Potomac Realty Trust will post $1.00 earnings per share for the current year.

FPO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of First Potomac Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, September 1st. BMO Capital Markets reaffirmed a “hold” rating on shares of First Potomac Realty Trust in a report on Wednesday, July 6th. Stifel Nicolaus lifted their price objective on shares of First Potomac Realty Trust from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, August 1st. Finally, SunTrust Banks Inc. raised shares of First Potomac Realty Trust from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Friday. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.45.

First Potomac Realty Trust Company Profile

First Potomac Realty Trust is engaged in the ownership, management, development and redevelopment 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. It conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership (the Operating Partnership).

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