BMO Capital Downgrades First Potomac Realty Trust to Market Perform

Brokerage firm BMO Capital Downgrades its rating on First Potomac Realty Trust(NYSE:FPO). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by BMO Capital was issued on Jun 30, 2016.

First Potomac Realty Trust (FPO) made into the market gainers list on Tuesdays trading session with the shares advancing 1.42% or 0.13 points. Due to strong positive momentum, the stock ended at $9.31, which is also near the day’s high of $9.33. The stock began the session at $9.19 and the volume stood at 1,57,343 shares. The 52-week high of the shares is $12.11 and the 52 week low is $7.9. The company has a current market capitalization of $541 M and it has 5,80,92,980 shares in outstanding.

First Potomac Realty Trust(FPO) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $42.70M. Analysts had an estimated revenue of $42.75M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.24.

First Potomac Realty Trust (First Potomac) 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 portfolio consist a mix of single-tenant and multi-tenant office properties and business parks. The office properties are single-story and multi-story buildings that are primarily for office uses and business parks consists buildings with office features combined with some industrial property space. The Company’s properties are in Washington D.C. Maryland Northern Virginia and Southern Virginia. The Company conducts its business through First Potomac Realty Investment Limited Partnership the Company’s operating partnership (the Operating Partnership).

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