The stock of First Potomac Realty Trust (NYSE:FPO) is a huge mover today! The stock decreased 1.93% or $0.18 on September 30, hitting $9.15. First Potomac Realty Trust (NYSE:FPO) has risen 8.16% since February 29, 2016 and is uptrending. It has underperformed by 2.27% the S&P500.
The move comes after 6 months negative chart setup for the $533.03M company. It was reported on Oct, 1 by Barchart.com. We have $8.69 PT which if reached, will make NYSE:FPO worth $26.65M less.
Analysts await First Potomac Realty Trust (NYSE:FPO) to report earnings on November, 3. They expect $0.25 EPS, 0.00% or $0.00 from last year’s $0.25 per share. FPO’s profit will be $14.56M for 9.15 P/E if the $0.25 EPS becomes a reality. After $0.27 actual EPS reported by First Potomac Realty Trust for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth.
First Potomac Realty Trust (NYSE:FPO) Ratings Coverage
Out of 6 analysts covering First Potomac Realty Trust (NYSE:FPO), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. First Potomac Realty Trust has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Thursday, September 29 the stock rating was upgraded by Stifel Nicolaus to “Hold”. As per Monday, August 3, the company rating was upgraded by BMO Capital Markets. The stock of First Potomac Realty Trust (NYSE:FPO) has “Buy” rating given on Friday, September 16 by SunTrust. The company was upgraded on Friday, September 16 by Suntrust Robinson. Zacks upgraded the stock to “Hold” rating in Tuesday, August 18 report.
According to Zacks Investment Research, “First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that acquires, operates and develops industrial and flex properties in Maryland, Virginia and the Washington, D.C. metropolitan area.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.49, from 1.47 in 2016Q1. The ratio is negative, as 12 funds sold all First Potomac Realty Trust shares owned while 49 reduced positions. 15 funds bought stakes while 45 increased positions. They now own 52.72 million shares or 0.96% less from 53.23 million shares in 2016Q1.
Nomura Asset Limited reported 36,400 shares or 0.01% of all its holdings. Blackrock accumulated 69,891 shares or 0% of the stock. Deutsche Financial Bank Ag reported 137,492 shares or 0% of all its holdings. Citigroup holds 0% or 17,854 shares in its portfolio. Blackrock Inv Management Ltd owns 252,597 shares or 0% of their US portfolio. Teachers Advsr owns 94,625 shares or 0% of their US portfolio. Indexiq Advsrs Lc last reported 45,899 shares in the company. Aqr Cap Limited Liability Corporation accumulated 0% or 220,555 shares. Bancorp Of New York Mellon Corp holds 0% of its portfolio in First Potomac Realty Trust (NYSE:FPO) for 470,955 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in First Potomac Realty Trust (NYSE:FPO) for 2,656 shares. Guyasuta has 198,500 shares for 0.24% of their US portfolio. Envestnet Asset Management, a Illinois-based fund reported 4,186 shares. Shinko Asset Ltd holds 2,100 shares or 0% of its portfolio. Goldman Sachs Group Incorporated accumulated 99,918 shares or 0% of the stock. Lazard Asset Mgmt Llc owns 1,100 shares or 0% of their US portfolio.
More notable recent First Potomac Realty Trust (NYSE:FPO) news were published by: Prnewswire.com which released: “First Potomac Realty Trust Sets Dates For Third Quarter Earnings Release And …” on September 27, 2016, also Marketwatch.com with their article: “First Potomac Realty Trust” published on January 31, 2011, Prnewswire.com published: “First Potomac Realty Trust Sells Storey Park For $54.5 Million” on July 26, 2016. More interesting news about First Potomac Realty Trust (NYSE:FPO) were released by: Prnewswire.com and their article: “First Potomac Realty Trust Announces Redemption Of Remaining 7.750% Series A …” published on June 06, 2016 as well as Bizjournals.com‘s news article titled: “Donatelli out, Milkovich in as CEO of First Potomac Realty Trust” with publication date: November 09, 2015.
FPO Company Profile
First Potomac Realty Trust (First Potomac), incorporated on July 14, 2003, is engaged in the ownership, management, development and redevelopment of office and business park properties in the greater Washington, D.C. region. The Company’s divisions include Washington, D.C., Maryland, Northern Virginia and Southern Virginia. The Firm conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership (the Operating Partnership). The Firm is the sole general partner of, and owns the preferred interest and approximately 95.7% of the common interest in the Operating Partnership.
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