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: $652.92 million
- Outstanding Shares: 58,716,000
- 50 Day Moving Avg: $11.13
- 200 Day Moving Avg: $10.63
- 52 Week Range: $8.01 - $11.46
Sales & Book Value:
- Trailing P/E Ratio: 17.29
- Foreward P/E Ratio: 222.40
- P/E Growth: 0.00
- Annual Revenue: $157.63 million
- Price / Sales: 4.14
- Book Value: $8.13 per share
- Price / Book: 1.37
- 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: 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?
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), Urstadt Biddle Properties (UBA), Easterly Government Properties (DEA), Redefine International PLC (RDI), 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), A & J Mucklow Group P L C (37HR), Brookfield Canada Office Properties (BOXC) and Equity One (EQY).
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?
Who bought First Potomac Realty Trust stock? Who is buying First Potomac Realty Trust stock?
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 $11.12.
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, 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)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/29/2017||Stifel Nicolaus||Reiterated Rating||Sell -> Sell||$9.50 -> $11.15||Low|
|6/13/2017||SunTrust Banks, Inc.||Downgrade||Buy -> Hold||$11.00||Low|
|6/12/2017||Evercore ISI||Downgrade||In-Line -> Underperform||$11.00||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: 91.26%
(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)
First Potomac Realty Trust (FPO) Chart for Tuesday, July, 25, 2017