First Potomac Realty Trust (FPO) Earns Coverage Optimism Rating of 0.24

Press coverage about First Potomac Realty Trust (NYSE:FPO) has trended somewhat positive recently, according to Alpha One. Alpha One, a service of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Potomac Realty Trust earned a media sentiment score of 0.24 on Alpha One’s scale. Alpha One also assigned news coverage about the real estate investment trust an impact score of 23 out of 100, meaning that recent news coverage is very unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have effected AlphaOne Sentiment’s analysis:

Insider Buying and Selling by Quarter for First Potomac Realty Trust (NYSE:FPO)

First Potomac Realty Trust (FPO) traded up 0.72% on Friday, reaching $11.15. 731,661 shares of the company’s stock traded hands. The stock has a market capitalization of $654.68 million, a PE ratio of 17.34 and a beta of 0.80. The firm’s 50-day moving average is $10.87 and its 200 day moving average is $10.51. First Potomac Realty Trust has a 52-week low of $8.01 and a 52-week high of $11.46.

First Potomac Realty Trust (NYSE:FPO) last announced its earnings results on Thursday, April 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. The business had revenue of $37.80 million during the quarter, compared to analysts’ expectations of $37.35 million. First Potomac Realty Trust had a net margin of 27.04% and a return on equity of 9.31%. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. Analysts forecast that First Potomac Realty Trust will post ($0.08) EPS for the current year.

Several research analysts have commented on FPO shares. TheStreet cut shares of First Potomac Realty Trust from a “c” rating to a “d+” rating in a research report on Wednesday, March 22nd. 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. Evercore ISI upgraded shares of First Potomac Realty Trust from a “hold” rating to an “outperform” rating in a research report on Friday, March 3rd. Zacks Investment Research cut shares of First Potomac Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Finally, SunTrust Banks, Inc. upgraded shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, March 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.63.

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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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