First 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
- Market Cap: $666.43 million
- Outstanding Shares: 58,716,000
- 50 Day Moving Avg: $10.86
- 200 Day Moving Avg: $10.53
- 52 Week Range: $8.01 - $11.46
Sales & Book Value:
- Trailing P/E Ratio: 17.65
- Foreward P/E Ratio: 227.00
- P/E Growth: 0.00
- Annual Revenue: $157.63 million
- Price / Sales: 4.23
- Book Value: $8.13 per share
- Price / Book: 1.40
- Annual Dividend: $0.40
- Dividend Yield: 3.6%
- EBIDTA: $85.77 million
- Net Margins: 27.04%
- Return on Equity: 9.31%
- Return on Assets: 3.33%
- Debt-to-Equity Ratio: 1.35%
- Current Ratio: 1.51%
- Quick Ratio: 1.51%
- Average Volume: 193,245 shs.
- Beta: 0.8
- Short Ratio: 4.73
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 announced a quarterly dividend on Thursday, April 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date 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) issued its earnings results on Thursday, April, 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $37.80 million for the quarter, compared to analyst estimates of $37.35 million. First Potomac Realty Trust had a return on equity of 9.31% and a net margin of 27.04%. The company's quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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 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?
5 brokerages have issued 1-year price objectives for First Potomac Realty Trust's shares. Their forecasts range from $9.50 to $11.00. On average, they anticipate First Potomac Realty Trust's share price to reach $10.35 in the next twelve months. View Analyst Ratings for First Potomac Realty Trust.
Who are some of First Potomac Realty Trust's key competitors?
Some companies that are related to First Potomac Realty Trust include Hannon Armstrong Sustainable Infrastructure Capital (HASI), Londonmetric Property PLC (LMP), Monmouth Real Estate Investment Corporation (MNR), Newriver Reit PLC (NRR), Easterly Government Properties (DEA), Urstadt Biddle Properties (UBA), Redefine International PLC (RDI), Gladstone Commercial Corporation (GOOD), Armada Hoffler Properties (AHH), Whitestone REIT (WSR), Picton Property Income Ltd (PCTN), Standard Life Inv Prop Inc Trust Ltd (SLI), Resource Capital Corp. (RSO), Regional REIT Ltd (RGL), McKay Securities plc (MCKS), RAIT Financial Trust (RAS), Power REIT (PW) and A & J Mucklow Group P L C (37HR).
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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.42%), FMR LLC (13.57%), Prudential Financial Inc. (4.60%), Earnest Partners LLC (4.17%), State Street Corp (3.43%) and Wellington Management Group LLP (2.83%). 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 Prudential Financial Inc., JPMorgan Chase & Co., Morgan Stanley, FMR LLC, Earnest Partners LLC, Victory Capital Management Inc., Parametric Portfolio Associates LLC and Bank of New York Mellon Corp. 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 bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Ameriprise Financial Inc., Ranger Global Real Estate Advisors LLC, Vanguard Group Inc., Renaissance Technologies LLC, Bank of America Corp DE, State Street Corp and Wells Fargo & Company MN. 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?
MarketBeat Community Rating for First Potomac Realty Trust (NYSE FPO)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.
One share of First Potomac Realty Trust stock can currently be purchased for approximately $11.35.
Consensus Ratings for First Potomac Realty Trust (NYSE:FPO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 3 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.60)|
|Consensus Price Target: ||$10.35 (8.81% downside)|
Analysts' Ratings History for First Potomac Realty Trust (NYSE:FPO)
(Data available from 6/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/13/2017||SunTrust Banks, Inc.||Downgrade||Buy -> Hold||$11.00||Low|
|6/12/2017||Evercore ISI||Downgrade||In-Line -> Underperform||$11.00||High|
|5/2/2017||Stifel Nicolaus||Downgrade||Hold -> Sell||$9.50||High|
|12/1/2016||Wells Fargo & Company||Reiterated Rating||Hold||$10.00||N/A|
|7/6/2016||BMO Capital Markets||Reiterated Rating||Hold||N/A|
|2/23/2016||DA Davidson||Lower Price Target||Neutral||$11.75 -> $9.00||N/A|
|11/2/2015||Compass Point||Lower Price Target||$14.00 -> $13.00||N/A|
|9/8/2015||Evercore Partners Inc||Lower Price Target||Hold||$11.50 -> $11.00||N/A|
Earnings History for First Potomac Realty Trust (NYSE:FPO)Earnings History by Quarter for First Potomac Realty Trust (NYSE FPO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/27/2017||Q1 2017||$0.21||$0.23||$37.35 million||$37.80 million||View||N/A|
|2/23/2017||Q416||$0.26||$0.27||$39.83 million||$38.97 million||View||N/A|
|10/27/2016||Q316||$0.25||$0.28||$39.54 million||$40.20 million||View||N/A|
|7/28/2016||Q216||$0.25||$0.27||$39.08 million||$38.49 million||View||N/A|
|2/22/2016||Q415||$0.24||$0.28||$42.73 million||$43.10 million||View||Listen|
|10/29/2015||Q315||$0.24||$0.25||$43.39 million||$42.90 million||View||Listen|
|7/30/2015||Q2||$0.24||$0.25||$41.13 million||$43.04 million||View||Listen|
|4/30/2015||Q1||$0.25||$0.24||$43.87 million||$43.85 million||View||N/A|
|2/19/2015||Q115||$0.24||$0.27||$43.03 million||$42.90 million||View||N/A|
|10/23/2014||Q414||$0.24||$0.25||$40.83 million||$42.00 million||View||N/A|
|7/24/2014||Q214||$0.24||$0.24||$41.04 million||$41.19 million||View||N/A|
|4/24/2014||Q1 2014||$0.22||$0.22||$39.70 million||$41.41 million||View||N/A|
|2/20/2014||Q413||$0.23||$0.23||$41.35 million||$39.38 million||View||N/A|
|10/24/2013||Q313||$0.23||$0.22||$41.20 million||$40.84 million||View||N/A|
|7/25/2013||Q2 2013||$0.26||$0.28||$47.38 million||$40.66 million||View||N/A|
|4/25/2013||Q113||$0.30||$0.30||$47.72 million||$51.38 million||View||N/A|
|2/21/2013||Q412||$0.29||$0.32||$48.53 million||$50.20 million||View||N/A|
Earnings Estimates for First Potomac Realty Trust (NYSE:FPO)
2017 EPS Consensus Estimate: $0.82
2018 EPS Consensus Estimate: $0.82
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for First Potomac Realty Trust (NYSE:FPO)
|Most Recent Dividend:||5/15/2017|
|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 History by Quarter for First Potomac Realty Trust (NYSE FPO)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for First Potomac Realty Trust (NYSE:FPO)
Insider Ownership Percentage: 1.30%Insider Trades by Quarter for First Potomac Realty Trust (NYSE:FPO)
Institutional Ownership Percentage: 91.33%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/28/2014||Richard B Chess||Insider||Sell||7,700||$12.22||$94,094.00|| |
|7/29/2014||Nicholas R Smith||EVP||Sell||11,000||$13.24||$145,640.00|| |
|5/22/2014||J Roderick Heller III||Insider||Buy||1,223||$12.92||$15,801.16|| |
Headline Trends for First Potomac Realty Trust (NYSE:FPO)
Latest Headlines for First Potomac Realty Trust (NYSE:FPO)
|SunTrust Banks Analysts Boost Earnings Estimates for First Potomac Realty Trust (FPO)|
www.americanbankingnews.com - June 15 at 8:24 AM
|SunTrust Banks, Inc. Lowers First Potomac Realty Trust (FPO) to Hold|
www.americanbankingnews.com - June 13 at 8:15 AM
|First Potomac Realty Trust (FPO) Cut to "Underperform" at Evercore ISI|
www.americanbankingnews.com - June 12 at 9:06 AM
| Analysts Expect First Potomac Realty Trust (FPO) Will Post Quarterly Sales of $34.90 Million|
www.americanbankingnews.com - June 8 at 11:14 AM
| Analysts Anticipate First Potomac Realty Trust (FPO) Will Announce Earnings of $0.21 Per Share|
www.americanbankingnews.com - June 6 at 4:48 PM
|Comparing Hudson Pacific Properties (HPP) and First Potomac Realty Trust (FPO)|
www.americanbankingnews.com - June 5 at 8:48 PM
|First Potomac Realty Trust (FPO) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - June 5 at 8:02 AM
|First Potomac Realty Trust (FPO) Stock Rating Lowered by ValuEngine|
www.americanbankingnews.com - June 4 at 4:20 PM
|First 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
|$34.75 Million in Sales Expected for First Potomac Realty Trust (FPO) This Quarter|
www.americanbankingnews.com - May 12 at 12:02 PM
|Zacks: Analysts Expect First Potomac Realty Trust (FPO) to Post $0.20 EPS|
www.americanbankingnews.com - May 11 at 12:30 AM
|KeyCorp Weighs in on First Potomac Realty Trust's FY2017 Earnings (FPO)|
www.americanbankingnews.com - May 8 at 10:06 AM
|Research Analysts Set Expectations for First Potomac Realty Trust's Q2 2017 Earnings (FPO)|
www.americanbankingnews.com - May 5 at 8:58 AM
|First Potomac Realty Trust goes ex-dividend tomorrow|
seekingalpha.com - May 3 at 10:06 PM
|Positive Press Coverage Somewhat Likely to Impact First Potomac Realty Trust (FPO) Share Price|
www.americanbankingnews.com - May 3 at 12:50 AM
|First Potomac -5.8% after Stifel downgrade|
seekingalpha.com - May 2 at 7:03 PM
|First Potomac Realty Trust (FPO) Downgraded by Stifel Nicolaus to Sell|
www.americanbankingnews.com - May 2 at 7:56 AM
|First Potomac Realty Trust (FPO) Upgraded to "C+" at TheStreet|
www.americanbankingnews.com - May 1 at 5:58 PM
|First Potomac Realty Trust (FPO) Earning Positive Press Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 29 at 1:17 PM
|BRIEF-First Potomac Realty Trust reports Q1 core FFO per share $0.23|
www.reuters.com - April 29 at 9:42 AM
|10-Q: FIRST POTOMAC REALTY TRUST|
www.marketwatch.com - April 29 at 9:42 AM
|First Potomac Realty Trust's (FPO) CEO Bob Milkovich on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - April 29 at 9:42 AM
|First Potomac Realty Trust (FPO) Issues FY17 Earnings Guidance|
www.americanbankingnews.com - April 29 at 1:09 AM
|Edited Transcript of FPO earnings conference call or presentation 28-Apr-17 1:00pm GMT|
finance.yahoo.com - April 28 at 11:22 PM
|First Potomac Realty Trust to Issue Quarterly Dividend of $0.10 (FPO)|
www.americanbankingnews.com - April 28 at 3:51 PM
|First Potomac Realty Trust (FPO) Announces Earnings Results, Beats Estimates By $0.02 EPS|
www.americanbankingnews.com - April 27 at 11:16 PM
|First Potomac Realty Trust reports 1Q results|
marketbeat.com - April 27 at 7:21 PM
|First Potomac Realty Trust Reports First Quarter 2017 Results|
finance.yahoo.com - April 27 at 5:52 PM
|First Potomac Realty Trust reportedly exploring a sale|
www.bizjournals.com - April 27 at 1:06 AM
|First Potomac Realty Trust (FPO) Getting Somewhat Favorable Press Coverage, Report Shows|
www.americanbankingnews.com - April 26 at 7:04 PM
|Somewhat Favorable Media Coverage Very Likely to Affect First Potomac Realty Trust (FPO) Stock Price|
www.americanbankingnews.com - April 23 at 9:39 PM
|First Potomac Realty Trust (FPO) Expected to Announce Quarterly Sales of $36.81 Million|
www.americanbankingnews.com - April 22 at 9:55 AM
|First Potomac Realty Trust (FPO) Earning Positive News Coverage, Study Finds|
www.americanbankingnews.com - April 20 at 6:59 PM
|Zacks: Brokerages Anticipate First Potomac Realty Trust (FPO) to Post $0.22 Earnings Per Share|
www.americanbankingnews.com - April 20 at 8:35 AM
|Positive Media Coverage Somewhat Unlikely to Impact First Potomac Realty Trust (FPO) Share Price|
www.americanbankingnews.com - April 17 at 7:02 PM
|First Potomac Realty Trust (FPO) Receives Daily Media Impact Rating of 0.36|
www.americanbankingnews.com - April 14 at 9:52 AM
|First Potomac Realty Trust (FPO) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - April 14 at 8:28 AM
|First Potomac Realty Trust Sets Dates For First Quarter Earnings Release And Conference Call|
finance.yahoo.com - April 7 at 9:51 AM
|First Potomac Realty Trust (FPO) Downgraded by Evercore ISI to "Outperform"|
www.americanbankingnews.com - April 3 at 12:17 PM
|First Potomac Realty Trust (FPO) Cut to "D+" at TheStreet|
www.americanbankingnews.com - March 26 at 11:42 PM
|FIRST POTOMAC REALTY TRUST Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - March 22 at 9:02 AM
|First Potomac Realty Trust (FPO) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - March 20 at 12:37 PM
|Why the fortunes of D.C.'s REITs are falling|
www.bizjournals.com - March 13 at 5:19 PM
|First Potomac (FPO) Disposes JV Assets for $59.5 Million|
finance.yahoo.com - March 10 at 6:25 PM
|First Potomac Realty Trust Sells Two Joint Venture Assets For $59.5 Million|
finance.yahoo.com - March 9 at 5:45 PM
|6:46 am First Potomac Realty announces the sale of two properties (Rivers Park I and II and Aviation Business Park) located in Columbia and Glen Burnie, Maryland, to an affiliated co of Adler Kawa Real Estate Advisors for $59.5 mln|
finance.yahoo.com - March 9 at 5:45 PM
|First Potomac Realty upgraded by SunTrust|
finance.yahoo.com - March 9 at 5:45 PM
|This Bethesda-based developer just got a lot bigger, again|
www.bizjournals.com - March 6 at 4:58 PM
|FIRST POTOMAC REALTY TRUST Files SEC form 8-K, Regulation FD Disclosure|
biz.yahoo.com - March 1 at 12:25 PM
|4:23 pm First Potomac Realty beats by $0.01, misses on revs; guides FY17 FFO in-line|
us.rd.yahoo.com - February 24 at 9:38 PM
First Potomac Realty Trust (FPO) Chart for Monday, June, 26, 2017