First Potomac Realty Trust (FPO) Receives $11.29 Average Price Target from Analysts

First Potomac Realty Trust (NYSE:FPO) has earned an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.29.

Separately, KeyCorp set a $12.00 price target on shares of First Potomac Realty Trust and gave the stock a “buy” rating in a research report on Sunday, October 29th.

First Potomac Realty Trust (NYSE:FPO) remained flat at $$11.15 during midday trading on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.38. The company has a market cap of $654.37, a P/E ratio of 16.16 and a beta of 0.80. First Potomac Realty Trust has a 1 year low of $8.01 and a 1 year high of $11.46.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its stake in First Potomac Realty Trust by 8.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 522,032 shares of the real estate investment trust’s stock valued at $5,800,000 after purchasing an additional 39,699 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in First Potomac Realty Trust by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 470,640 shares of the real estate investment trust’s stock valued at $5,229,000 after purchasing an additional 14,124 shares during the last quarter. Legal & General Group Plc lifted its stake in First Potomac Realty Trust by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 136,544 shares of the real estate investment trust’s stock valued at $1,517,000 after purchasing an additional 5,796 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in First Potomac Realty Trust by 21.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 30,501 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 5,434 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in First Potomac Realty Trust by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,255,234 shares of the real estate investment trust’s stock valued at $13,946,000 after purchasing an additional 37,500 shares during the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.

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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.

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