First Potomac Realty Trust (NYSE:FPO) – Equities research analysts at KeyCorp lowered their FY2017 earnings per share estimates for First Potomac Realty Trust in a report released on Monday. KeyCorp analyst C. Mailman now anticipates that the brokerage will post earnings per share of $0.83 for the year, down from their prior estimate of $0.84.

First Potomac Realty Trust (NYSE:FPO) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The business earned $40.20 million during the quarter, compared to analyst estimates of $39.54 million. First Potomac Realty Trust had a negative net margin of 22.83% and a negative return on equity of 8.28%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. TRADEMARK VIOLATION WARNING: This story was posted by Financial Market News and is the propert of of Financial Market News. If you are accessing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be viewed at http://www.financial-market-news.com/fy2017-eps-estimates-for-first-potomac-realty-trust-decreased-by-analyst-fpo/1210427/.

Earnings History and Estimates for First Potomac Realty Trust (NYSE:FPO)

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of First Potomac Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, September 1st. SunTrust Banks Inc. upgraded shares of First Potomac Realty Trust from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, September 16th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.81.

Shares of First Potomac Realty Trust (NYSE:FPO) opened at 9.83 on Tuesday. The firm’s market capitalization is $573.23 million. First Potomac Realty Trust has a 12-month low of $7.90 and a 12-month high of $11.72. The company’s 50-day moving average is $8.96 and its 200-day moving average is $9.33.

A number of hedge funds have recently bought and sold shares of FPO. Mizuho Trust & Banking Co. Ltd. boosted its stake in First Potomac Realty Trust by 5.1% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 11,226 shares of the company’s stock worth $103,000 after buying an additional 541 shares during the period. SG Americas Securities LLC purchased a new stake in shares of First Potomac Realty Trust during the third quarter worth $107,000. Quantitative Systematic Strategies LLC boosted its stake in shares of First Potomac Realty Trust by 18.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 12,299 shares of the company’s stock worth $113,000 after buying an additional 1,892 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of First Potomac Realty Trust during the third quarter worth $127,000. Finally, KCG Holdings Inc. purchased a new stake in shares of First Potomac Realty Trust during the second quarter worth $134,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was posted by Financial Market News and is the propert of of Financial Market News. If you are accessing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be viewed at http://www.financial-market-news.com/fy2017-eps-estimates-for-first-potomac-realty-trust-decreased-by-analyst-fpo/1210427/.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 8th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Friday, November 4th. First Potomac Realty Trust’s dividend payout ratio (DPR) is presently -46.51%.

About First Potomac Realty Trust

First Potomac Realty Trust is engaged in the ownership, management, development and redevelopment 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. It conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership (the Operating Partnership).

5 Day Chart for NYSE:FPO

Receive News & Ratings for First Potomac Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Potomac Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.