First Potomac Realty Trust Company Profile (NYSE:FPO)

About First Potomac Realty Trust (NYSE:FPO)

First Potomac Realty Trust logoFirst Potomac Realty Trust (First Potomac) is engaged in ownership, management, redevelopment and development of office and business park properties in the greater Washington, D.C. region. The Company'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 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 of buildings with office features combined with some industrial property space. As of December 31, 2016, the Company owned properties totaling 6.7 million square feet and had a non-controlling ownership interest in properties totaling an additional 0.9 million square feet through five unconsolidated joint ventures.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial REITs - NEC
  • Sub-Industry: Diversified REITs
  • Symbol: NYSE:FPO
  • CUSIP: 33610F10
  • Web: www.first-potomac.com
Capitalization:
  • Market Cap: $652.92 million
  • Outstanding Shares: 58,716,000
Average Prices:
  • 50 Day Moving Avg: $11.13
  • 200 Day Moving Avg: $10.63
  • 52 Week Range: $8.01 - $11.46
P/E:
  • Trailing P/E Ratio: 17.29
  • Foreward P/E Ratio: 222.40
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $157.63 million
  • Price / Sales: 4.14
  • Book Value: $8.13 per share
  • Price / Book: 1.37
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 3.6%
Profitability:
  • EBIDTA: $85.77 million
  • Net Margins: 27.04%
  • Return on Equity: 9.31%
  • Return on Assets: 3.33%
Debt:
  • Debt-to-Equity Ratio: 1.35%
  • Current Ratio: 1.51%
  • Quick Ratio: 1.51%
Misc:
  • Average Volume: 525,183 shs.
  • Beta: 0.83
  • Short Ratio: 1.15
 
Frequently Asked Questions for First Potomac Realty Trust (NYSE:FPO)

What is First Potomac Realty Trust's stock symbol?

First Potomac Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "FPO."

How often does First Potomac Realty Trust pay dividends? What is the dividend yield for First Potomac Realty Trust?

First Potomac Realty Trust declared a quarterly dividend on Thursday, April 27th. Investors of record on Monday, May 8th will be given a dividend of $0.10 per share on Monday, May 15th. This represents a $0.40 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, May 4th. View First Potomac Realty Trust's Dividend History.

How were First Potomac Realty Trust's earnings last quarter?

First Potomac Realty Trust (NYSE:FPO) announced its quarterly earnings results on Thursday, April, 27th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The company earned $37.80 million during the quarter, compared to analysts' expectations of $37.35 million. First Potomac Realty Trust had a net margin of 27.04% and a return on equity of 9.31%. First Potomac Realty Trust's revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. View First Potomac Realty Trust's Earnings History.

What guidance has First Potomac Realty Trust issued on next quarter's earnings?

First Potomac Realty Trust updated its FY17 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.80-$0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.81.

Where is First Potomac Realty Trust's stock going? Where will First Potomac Realty Trust's stock price be in 2017?

4 equities research analysts have issued 12-month price objectives for First Potomac Realty Trust's shares. Their forecasts range from $10.00 to $11.15. On average, they anticipate First Potomac Realty Trust's stock price to reach $10.79 in the next year. View Analyst Ratings for First Potomac Realty Trust.

Are investors shorting First Potomac Realty Trust?

First Potomac Realty Trust saw a decline in short interest in the month of July. As of July 14th, there was short interest totalling 465,547 shares, a decline of 47.3% from the June 30th total of 883,960 shares. Based on an average trading volume of 702,520 shares, the short-interest ratio is currently 0.7 days. Currently, 0.8% of the shares of the company are sold short.

Who are some of First Potomac Realty Trust's key competitors?

Who are First Potomac Realty Trust's key executives?

First Potomac Realty Trust's management team includes the folowing people:

  • Robert M. Milkovich, President, Chief Executive Officer, Chief Operating Officer, Trustee
  • Andrew P. Blocher, Chief Financial Officer, Executive Vice President, Treasurer
  • Samantha Sacks Gallagher, Executive Vice President, General Counsel, Secretary
  • Tricia Moore, Senior Vice President - Investments and Portfolio Management
  • Robert H. Arnold Ph.D., Independent Trustee
  • Kati M. Penney, Trustee
  • Thomas E. Robinson, Independent Trustee
  • Terry L. Stevens, Independent Trustee

Who owns First Potomac Realty Trust stock?

First Potomac Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Ranger Global Real Estate Advisors LLC (0.27%), Bank of Montreal Can (0.21%), Goodwin Daniel L (0.20%), Aperio Group LLC (0.05%) and Forsta AP Fonden (0.03%). View Institutional Ownership Trends for First Potomac Realty Trust.

Who sold First Potomac Realty Trust stock? Who is selling First Potomac Realty Trust stock?

First Potomac Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including Ranger Global Real Estate Advisors LLC and Bank of Montreal Can. View Insider Buying and Selling for First Potomac Realty Trust.

Who bought First Potomac Realty Trust stock? Who is buying First Potomac Realty Trust stock?

First Potomac Realty Trust's stock was purchased by a variety of institutional investors in the last quarter, including Forsta AP Fonden and Aperio Group LLC. View Insider Buying and Selling for First Potomac Realty Trust.

How do I buy First Potomac Realty Trust stock?

Shares of First Potomac Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Potomac Realty Trust's stock price today?

One share of First Potomac Realty Trust stock can currently be purchased for approximately $11.12.


MarketBeat Community Rating for First Potomac Realty Trust (NYSE FPO)
Community Ranking:  1.7 out of 5 ()
Outperform Votes:  89 (Vote Outperform)
Underperform Votes:  176 (Vote Underperform)
Total Votes:  265
MarketBeat's community ratings are surveys of what our community members think about First Potomac Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for First Potomac Realty Trust (NYSE:FPO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 2 Hold Ratings
Consensus Rating:Hold (Score: 1.50)
Consensus Price Target: $10.79 (2.99% downside)

Analysts' Ratings History for First Potomac Realty Trust (NYSE:FPO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/29/2017Stifel NicolausReiterated RatingSell -> Sell$9.50 -> $11.15LowView Rating Details
6/13/2017SunTrust Banks, Inc.DowngradeBuy -> Hold$11.00LowView Rating Details
6/12/2017Evercore ISIDowngradeIn-Line -> Underperform$11.00HighView Rating Details
12/1/2016Wells Fargo & CompanyReiterated RatingHold$10.00N/AView Rating Details
7/6/2016BMO Capital MarketsReiterated RatingHoldN/AView Rating Details
2/23/2016DA DavidsonLower Price TargetNeutral$11.75 -> $9.00N/AView Rating Details
11/2/2015Compass PointLower Price Target$14.00 -> $13.00N/AView Rating Details
9/8/2015Evercore Partners IncLower Price TargetHold$11.50 -> $11.00N/AView Rating Details
(Data available from 7/25/2015 forward)

Earnings

Earnings History for First Potomac Realty Trust (NYSE:FPO)
Earnings by Quarter for First Potomac Realty Trust (NYSE:FPO)
Earnings History by Quarter for First Potomac Realty Trust (NYSE FPO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$0.21$0.23$37.35 million$37.80 millionViewN/AView Earnings Details
2/23/2017Q416$0.26$0.27$39.83 million$38.97 millionViewN/AView Earnings Details
10/27/2016Q316$0.25$0.28$39.54 million$40.20 millionViewN/AView Earnings Details
7/28/2016Q216$0.25$0.27$39.08 million$38.49 millionViewN/AView Earnings Details
2/22/2016Q415$0.24$0.28$42.73 million$43.10 millionViewListenView Earnings Details
10/29/2015Q315$0.24$0.25$43.39 million$42.90 millionViewListenView Earnings Details
7/30/2015Q2$0.24$0.25$41.13 million$43.04 millionViewListenView Earnings Details
4/30/2015Q1$0.25$0.24$43.87 million$43.85 millionViewN/AView Earnings Details
2/19/2015Q115$0.24$0.27$43.03 million$42.90 millionViewN/AView Earnings Details
10/23/2014Q414$0.24$0.25$40.83 million$42.00 millionViewN/AView Earnings Details
7/24/2014Q214$0.24$0.24$41.04 million$41.19 millionViewN/AView Earnings Details
4/24/2014Q1 2014$0.22$0.22$39.70 million$41.41 millionViewN/AView Earnings Details
2/20/2014Q413$0.23$0.23$41.35 million$39.38 millionViewN/AView Earnings Details
10/24/2013Q313$0.23$0.22$41.20 million$40.84 millionViewN/AView Earnings Details
7/25/2013Q2 2013$0.26$0.28$47.38 million$40.66 millionViewN/AView Earnings Details
4/25/2013Q113$0.30$0.30$47.72 million$51.38 millionViewN/AView Earnings Details
2/21/2013Q412$0.29$0.32$48.53 million$50.20 millionViewN/AView Earnings Details
10/25/2012$0.28$0.29ViewN/AView Earnings Details
7/26/2012$0.27$0.32ViewN/AView Earnings Details
5/16/2012$0.27$0.28ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for First Potomac Realty Trust (NYSE:FPO)
2017 EPS Consensus Estimate: $0.82
2018 EPS Consensus Estimate: $0.82
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.21$0.22$0.21
Q2 20173$0.20$0.22$0.21
Q3 20173$0.20$0.20$0.20
Q4 20173$0.19$0.20$0.19
Q1 20182$0.19$0.20$0.20
Q2 20182$0.20$0.20$0.20
Q3 20182$0.21$0.21$0.21
Q4 20182$0.21$0.21$0.21
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for First Potomac Realty Trust (NYSE:FPO)
Most Recent Dividend:5/15/2017
Annual Dividend:$0.40
Dividend Yield:3.60%
Dividend Growth:-9.10% (3 Year Average)
Payout Ratio:62.50% (Trailing 12 Months of Earnings)
-500.00% (Based on This Year's Estimates)
800.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for First Potomac Realty Trust (NYSE:FPO)

Dividend History by Quarter for First Potomac Realty Trust (NYSE FPO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/27/2017Quarterly$0.103.64%5/4/20175/8/20175/15/2017
1/25/2017Quarterly$0.103.77%2/6/20172/8/20172/15/2017
10/28/2016quarterly$0.104.52%11/4/201611/8/201611/15/2016
7/28/2016quarterly$0.103.96%8/4/20168/8/20168/15/2016
4/26/2016quarterly$0.104.76%5/5/20165/9/20165/16/2016
1/28/2016quarterly$0.156.22%2/5/20162/9/20162/16/2016
10/27/2015quarterly$0.155.09%11/5/201511/9/201511/16/2015
7/28/2015quarterly$0.155.29%8/6/20158/10/20158/17/2015
4/28/2015quarterly$0.155.6%5/6/20155/8/20155/15/2015
1/28/2015quarterly$0.154.6%2/6/20152/10/20152/17/2015
10/27/2014quarterly$0.154.96%11/4/201411/6/201411/17/2014
7/25/2014quarterly$0.154.51%8/4/20148/6/20148/15/2014
4/25/2014quarterly$0.154.59%5/2/20145/6/20145/15/2014
2/4/2014quarterly$0.154.62%2/6/20142/10/20142/17/2014
1/30/2014$0.152/6/20142/10/20142/17/2014
10/25/2013quarterly$0.154.76%11/4/201311/6/201311/15/2013
7/26/2013quarterly$0.154.19%8/2/20138/6/20138/15/2013
4/29/2013quarterly$0.153.8%5/2/20135/6/20135/15/2013
1/25/2013quarterly$0.154.36%2/6/20132/8/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for First Potomac Realty Trust (NYSE:FPO)
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 91.26%
Insider Trades by Quarter for First Potomac Realty Trust (NYSE:FPO)
Institutional Ownership by Quarter for First Potomac Realty Trust (NYSE:FPO)
Insider Trades by Quarter for First Potomac Realty Trust (NYSE:FPO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/28/2014Richard B ChessInsiderSell7,700$12.22$94,094.00View SEC Filing  
7/29/2014Nicholas R SmithEVPSell11,000$13.24$145,640.00View SEC Filing  
5/22/2014J Roderick Heller IIIInsiderBuy1,223$12.92$15,801.16View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for First Potomac Realty Trust (NYSE:FPO)
Latest Headlines for First Potomac Realty Trust (NYSE:FPO)
Source:
DateHeadline
americanbankingnews.com logoFirst Potomac Realty Trust (NYSE:FPO) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 25 at 3:07 PM
finance.yahoo.com logoFirst Potomac co-founders Doug Donatelli and Nick Smith launch new venture
finance.yahoo.com - July 19 at 7:27 PM
businesswire.com logoINVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of First Potomac Realty Trust and Encourages Shareholders to Contact the Firm for Additional ...
www.businesswire.com - July 13 at 8:07 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of First Potomac Realty Trust and Encourages Shareholders to Contact the Firm for Additional Information
finance.yahoo.com - July 11 at 7:55 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of First Potomac Realty Trust and Encourages Investors to Contact the Firm for Additional Information
finance.yahoo.com - July 5 at 7:30 PM
americanbankingnews.com logoFirst Potomac Realty Trust (NYSE:FPO) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - July 3 at 10:10 PM
americanbankingnews.com logo$35.36 Million in Sales Expected for First Potomac Realty Trust (NYSE:FPO) This Quarter
www.americanbankingnews.com - July 2 at 8:18 AM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Given "Sell" Rating at Stifel Nicolaus
www.americanbankingnews.com - July 2 at 12:32 AM
finance.yahoo.com logoINVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Into Whether the Sale of First Potomac Realty Trust to Government Properties Income Trust for $11.15 Per Share is Fair to Shareholders
finance.yahoo.com - July 1 at 12:07 AM
finance.yahoo.com logoFIRST POTOMAC REALTY TRUST SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Investigates Sale to Government Properties Income Trust
finance.yahoo.com - July 1 at 12:07 AM
businesswire.com logoINVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Into Whether the Sale of First Potomac Realty Trust to Government Properties Income Trust for $11.15 ...
www.businesswire.com - June 30 at 7:03 PM
americanbankingnews.com logoFirst Potomac Realty Trust (NYSE:FPO) Expected to Announce Earnings of $0.21 Per Share
www.americanbankingnews.com - June 30 at 6:29 PM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - June 30 at 8:37 AM
businesswire.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Into Whether the Sale of First Potomac Realty Trust to Government Properties Income Trust for $11 ...
www.businesswire.com - June 29 at 10:07 PM
seekingalpha.com logoGovernment Properties (GOV) Acquires First Potomac (FPO) For $1.4B - Slideshow
seekingalpha.com - June 29 at 10:07 PM
finance.yahoo.com logoGovernment Properties to Acquire First Potomac for $1.4B
finance.yahoo.com - June 29 at 10:07 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Into Whether the Sale of First Potomac Realty Trust to Government Properties Income Trust for $11.15 Per Share is Fair to Shareholders
finance.yahoo.com - June 29 at 10:07 PM
finance.yahoo.com logoWEISSLAW LLP: First Potomac Realty Trust Acquisition May Not Be in the Best Interests of FPO Shareholders
finance.yahoo.com - June 29 at 10:07 PM
finance.yahoo.com logoFIRST POTOMAC REALTY TRUST SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
finance.yahoo.com - June 29 at 10:07 PM
finance.yahoo.com logoHarwood Feffer LLP Announces Investigation of First Potomac Realty Trust
finance.yahoo.com - June 28 at 11:23 PM
bizjournals.com logoWhy investors might welcome the end of First Potomac Realty Trust
www.bizjournals.com - June 28 at 6:23 PM
reuters.com logoBRIEF-Government Properties Income Trust to acquire First Potomac Realty Trust for $1.4 bln
www.reuters.com - June 28 at 6:23 PM
marketwatch.com logoFirst Potomac Realty Trust to be bought in a $1.4 billion deal by Government Properties
www.marketwatch.com - June 28 at 6:23 PM
businesswire.com logoFirst Potomac Realty Trust to be Acquired by Government Properties Income Trust in All-Cash Deal Valued at $1.4 Billion
www.businesswire.com - June 28 at 6:23 PM
americanbankingnews.com logoSunTrust Banks Analysts Boost Earnings Estimates for First Potomac Realty Trust (FPO)
www.americanbankingnews.com - June 15 at 8:24 AM
americanbankingnews.com logoSunTrust Banks, Inc. Lowers First Potomac Realty Trust (FPO) to Hold
www.americanbankingnews.com - June 13 at 8:15 AM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Cut to "Underperform" at Evercore ISI
www.americanbankingnews.com - June 12 at 9:06 AM
americanbankingnews.com logo Analysts Expect First Potomac Realty Trust (FPO) Will Post Quarterly Sales of $34.90 Million
www.americanbankingnews.com - June 8 at 11:14 AM
americanbankingnews.com logo Analysts Anticipate First Potomac Realty Trust (FPO) Will Announce Earnings of $0.21 Per Share
www.americanbankingnews.com - June 6 at 4:48 PM
americanbankingnews.com logoComparing Hudson Pacific Properties (HPP) and First Potomac Realty Trust (FPO)
www.americanbankingnews.com - June 5 at 8:48 PM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - June 5 at 8:02 AM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - June 4 at 4:20 PM
finance.yahoo.com logoFirst Potomac Realty Trust breached its 50 day moving average in a Bullish Manner : FPO-US : June 1, 2017
finance.yahoo.com - June 1 at 6:03 PM
americanbankingnews.com logo$34.75 Million in Sales Expected for First Potomac Realty Trust (FPO) This Quarter
www.americanbankingnews.com - May 12 at 12:02 PM
americanbankingnews.com logoZacks: Analysts Expect First Potomac Realty Trust (FPO) to Post $0.20 EPS
www.americanbankingnews.com - May 11 at 12:30 AM
americanbankingnews.com logoKeyCorp Weighs in on First Potomac Realty Trust's FY2017 Earnings (FPO)
www.americanbankingnews.com - May 8 at 10:06 AM
americanbankingnews.com logoResearch Analysts Set Expectations for First Potomac Realty Trust's Q2 2017 Earnings (FPO)
www.americanbankingnews.com - May 5 at 8:58 AM
seekingalpha.com logoFirst Potomac Realty Trust goes ex-dividend tomorrow
seekingalpha.com - May 3 at 10:06 PM
americanbankingnews.com logoPositive Press Coverage Somewhat Likely to Impact First Potomac Realty Trust (FPO) Share Price
www.americanbankingnews.com - May 3 at 12:50 AM
seekingalpha.com logoFirst Potomac -5.8% after Stifel downgrade
seekingalpha.com - May 2 at 7:03 PM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Downgraded by Stifel Nicolaus to Sell
www.americanbankingnews.com - May 2 at 7:56 AM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Upgraded to "C+" at TheStreet
www.americanbankingnews.com - May 1 at 5:58 PM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Earning Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 29 at 1:17 PM
reuters.com logoBRIEF-First Potomac Realty Trust reports Q1 core FFO per share $0.23
www.reuters.com - April 29 at 9:42 AM
marketwatch.com logo10-Q: FIRST POTOMAC REALTY TRUST
www.marketwatch.com - April 29 at 9:42 AM
seekingalpha.com logoFirst Potomac Realty Trust's (FPO) CEO Bob Milkovich on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 29 at 9:42 AM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Issues FY17 Earnings Guidance
www.americanbankingnews.com - April 29 at 1:09 AM
finance.yahoo.com logoEdited Transcript of FPO earnings conference call or presentation 28-Apr-17 1:00pm GMT
finance.yahoo.com - April 28 at 11:22 PM
americanbankingnews.com logoFirst Potomac Realty Trust to Issue Quarterly Dividend of $0.10 (FPO)
www.americanbankingnews.com - April 28 at 3:51 PM
americanbankingnews.com logoFirst Potomac Realty Trust (FPO) Announces Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - April 27 at 11:16 PM

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Chart

First Potomac Realty Trust (FPO) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff