First Potomac Realty Trust of (NYSE:FPO).
On September 29 the company was set at “Buy” according to a Stifel Nicolaus report a boost from the previous “” rating. On September 16, 2016 the stock rating was changed to a “Buy” in a report from SunTrust Robinson Humphrey up from the previous “” rating.
On September 8 Evercore Partners left the stock rating at “Hold” but lowered the price target from $11.50 to $11.00. BMO Capital upgraded the stock and raised the price target on August 3 boosting the price target from $12.50 to $15.00 and changing the rating from “Market Perform” to “Outperform”.
On August 3 the stock rating was upgraded to “Outperform” from “Market Perform” and a price target of $15.00 was set in a report issued by BMO Capital.
The company is now up by 0.89 percent from yesterday’s close. Additionally the company declared a dividend that was paid on Monday the 15th of May 2017. The dividend was $0.100 per share for the quarter or $0.40 on an annualized basis. This dividend amount was represent a yeild of $3.53. The ex-dividend date was Thursday the 4th of May 2017.
Shares are trading at $11.34 which is marginally over $10.85, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $10.47. The 50 day moving average was up $0.49 whereas the 200 day average was up by +8.35%.
First Potomac Realty Trust (First Potomac), launched on July 14, 2003, is involved in ownership, management, redevelopment and development of office and business park properties in the greater Washington, D.C. region. The Business’s segments include Washington, D.C., Maryland, Northern Virginia and Southern Virginia. The Company conducts its business through First Potomac Realty Investment Limited Partnership, its operating partnership..
The company’s P/E ratio is 17.64 and market capitalization is 665.84M.