Teachers Insurance & Annuity Association of America held its stake in shares of First Potomac Realty Trust (NYSE:FPO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,454 shares of the real estate investment trust’s stock at the close of the second quarter. Teachers Insurance & Annuity Association of America owned about 0.11% of First Potomac Realty Trust worth $694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Virginia Retirement Systems ET AL raised its position in First Potomac Realty Trust by 42.1% during the second quarter. Virginia Retirement Systems ET AL now owns 96,800 shares of the real estate investment trust’s stock valued at $1,075,000 after acquiring an additional 28,700 shares in the last quarter. Vanguard Group Inc. grew its holdings in First Potomac Realty Trust by 2.4% during the first quarter. Vanguard Group Inc. now owns 9,053,824 shares of the real estate investment trust’s stock valued at $93,073,000 after purchasing an additional 216,332 shares during the last quarter. Ranger Global Real Estate Advisors LLC acquired a new position in First Potomac Realty Trust during the first quarter valued at approximately $2,596,000. Kassirer Asset Management Corp acquired a new position in First Potomac Realty Trust during the second quarter valued at approximately $667,000. Finally, KBC Group NV grew its holdings in First Potomac Realty Trust by 3.1% during the first quarter. KBC Group NV now owns 59,481 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 1,773 shares during the last quarter. 93.07% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the company. KeyCorp reiterated a “buy” rating and set a $12.00 price target on shares of First Potomac Realty Trust in a report on Friday, August 25th. BidaskClub downgraded First Potomac Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded First Potomac Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated 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. Finally, SunTrust Banks, Inc. downgraded 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. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. First Potomac Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $11.19.

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First Potomac Realty Trust (NYSE:FPO) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. First Potomac Realty Trust had a return on equity of 8.96% and a net margin of 26.86%. The company had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $34.94 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue was down 8.1% compared to the same quarter last year.

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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