Stifel Nicolaus Maintains First Potomac Realty Trust to Sell with Price Target $9.00

Brokerage firm Stifel Nicolaus Maintains its rating on First Potomac Realty Trust(NYSE:FPO). In a research note issued to the investors, the brokerage major Raises the price-target to $9.00 per share. The shares have been rated Sell. The rating by Stifel Nicolaus was issued on Aug 1, 2016.

In a different note, On Jun 30, 2016, BMO Capital said it Downgrades its rating on First Potomac Realty Trust. The shares have been rated ‘Market Perform’ by the firm.

First Potomac Realty Trust (FPO) made into the market gainers list on Mondays trading session with the shares advancing 2.10% or 0.2 points. Due to strong positive momentum, the stock ended at $9.73, which is also near the day’s high of $9.82. The stock began the session at $9.58 and the volume stood at 2,41,597 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 $566 M and it has 5,81,29,464 shares in outstanding.

First Potomac Realty Trust(FPO) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $38.49M. Analysts had an estimated revenue of $39.08M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.25.

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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