First Potomac Realty Trust (NYSE:FPO) has received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.03.

A number of brokerages have issued reports on FPO. BidaskClub cut shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a 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 report on Monday, July 3rd. Stifel Nicolaus reaffirmed a “sell” rating and issued a $11.15 target price (up from $9.50) on shares of First Potomac Realty Trust in a report on Thursday, June 29th. KeyCorp reaffirmed a “buy” rating and issued a $12.00 target price on shares of First Potomac Realty Trust in a report on Friday, August 25th. Finally, Evercore ISI lowered shares of 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 research report on Monday, June 12th.

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Shares of First Potomac Realty Trust (FPO) remained flat at $11.12 during trading on Wednesday. 3,127,538 shares of the stock traded hands. First Potomac Realty Trust has a 12-month low of $8.01 and a 12-month high of $11.46. The stock has a market capitalization of $653.19 million, a price-to-earnings ratio of 15.95 and a beta of 0.80. The firm’s 50-day moving average is $11.12 and its 200-day moving average is $10.79.

First Potomac Realty Trust (NYSE:FPO) last issued its 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. First Potomac Realty Trust had a net margin of 26.86% and a return on equity of 8.96%. The company had revenue of $35.40 million during the quarter, compared to analysts’ expectations of $34.94 million. During the same period last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts expect that First Potomac Realty Trust will post ($0.08) EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in FPO. Teachers Advisors LLC grew its position in shares of First Potomac Realty Trust by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 95,066 shares of the real estate investment trust’s stock valued at $1,043,000 after purchasing an additional 441 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of First Potomac Realty Trust by 7.7% in the first quarter. Wells Fargo & Company MN now owns 1,217,734 shares of the real estate investment trust’s stock valued at $12,517,000 after purchasing an additional 87,526 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of First Potomac Realty Trust by 5.7% in the first quarter. Great West Life Assurance Co. Can now owns 38,294 shares of the real estate investment trust’s stock valued at $394,000 after purchasing an additional 2,064 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of First Potomac Realty Trust by 0.8% in the first quarter. BNP Paribas Arbitrage SA now owns 25,067 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 187 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position 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 valued at $933,000 after purchasing an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

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.

Analyst Recommendations for First Potomac Realty Trust (NYSE:FPO)

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