Connable Office Inc. continued to hold its stake in shares of First Potomac Realty Trust (NYSE:FPO) during the second quarter, Holdings Channel reports. The institutional investor owned 13,459 shares of the real estate investment trust’s stock at the end of the second quarter. Connable Office Inc.’s holdings in First Potomac Realty Trust were worth $150,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FPO. Martingale Asset Management L P boosted its stake in shares of First Potomac Realty Trust by 90.8% in the first quarter. Martingale Asset Management L P now owns 146,391 shares of the real estate investment trust’s stock worth $1,505,000 after buying an additional 69,678 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of First Potomac Realty Trust by 221.2% in the first quarter. Virginia Retirement Systems ET AL now owns 68,100 shares of the real estate investment trust’s stock worth $700,000 after buying an additional 46,900 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of First Potomac Realty Trust by 202.0% in the first quarter. Ameriprise Financial Inc. now owns 413,502 shares of the real estate investment trust’s stock worth $4,255,000 after buying an additional 276,600 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of First Potomac Realty Trust during the first quarter worth about $246,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of First Potomac Realty Trust by 11.0% in the first quarter. UBS Asset Management Americas Inc. now owns 90,730 shares of the real estate investment trust’s stock worth $933,000 after buying an additional 8,959 shares during the last quarter. 91.37% of the stock is owned by institutional investors.

Shares of First Potomac Realty Trust (NYSE FPO) opened at 11.11 on Friday. The company has a market cap of $652.60 million, a PE ratio of 15.94 and a beta of 0.83. First Potomac Realty Trust has a 52-week low of $8.01 and a 52-week high of $11.46. The company’s 50-day moving average is $11.15 and its 200 day moving average is $10.67.

First Potomac Realty Trust (NYSE:FPO) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $35.40 million during the quarter, compared to the consensus estimate of $34.94 million. First Potomac Realty Trust had a return on equity of 8.96% and a net margin of 26.86%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. On average, analysts anticipate that First Potomac Realty Trust will post ($0.08) EPS for the current year.

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A number of brokerages have recently issued reports on FPO. Evercore ISI cut shares of First Potomac Realty Trust from an “in-line” rating to an “underperform” rating and set a $11.00 target price for the company. in a research report on Monday, June 12th. Stifel Nicolaus cut shares of First Potomac Realty Trust from a “hold” rating to a “sell” rating and set a $9.50 target price for the company. in a research report on Tuesday, May 2nd. BidaskClub cut shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, July 3rd. Finally, ValuEngine cut shares of First Potomac Realty Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. First Potomac Realty Trust has an average rating of “Hold” and an average price target 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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