Wall Street analysts expect First Potomac Realty Trust (NYSE:FPO) to report earnings per share of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for First Potomac Realty Trust’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. First Potomac Realty Trust reported earnings per share of $0.27 in the same quarter last year, which would suggest a negative year over year growth rate of 25.9%. The firm is expected to report its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that First Potomac Realty Trust will report full year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.83. For the next financial year, analysts anticipate that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.76 to $0.82. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover First Potomac Realty Trust.
First Potomac Realty Trust (NYSE:FPO) last released its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. First Potomac Realty Trust had a negative net margin of 22.83% and a negative return on equity of 8.28%. The company had revenue of $37.80 million during the quarter, compared to analyst estimates of $37.35 million. During the same period last year, the business earned $0.24 earnings per share. First Potomac Realty Trust’s revenue was down 11.5% compared to the same quarter last year.
FPO has been the subject of several analyst reports. SunTrust Banks, Inc. raised shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, March 9th. Zacks Investment Research raised shares of First Potomac Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Monday, February 27th. TheStreet raised shares of First Potomac Realty Trust from a “d+” rating to a “c” rating in a report on Monday, January 23rd. Evercore ISI upgraded First Potomac Realty Trust from a “hold” rating to an “outperform” rating in a research note on Friday, March 3rd. Finally, Stifel Nicolaus downgraded First Potomac Realty Trust from a “hold” rating to a “sell” rating and set a $9.50 price target for the company. in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.55.
First Potomac Realty Trust (NYSE:FPO) traded down 1.13% during trading on Wednesday, hitting $10.51. 89,692 shares of the stock were exchanged. First Potomac Realty Trust has a 1-year low of $8.01 and a 1-year high of $11.31. The company has a 50-day moving average price of $10.62 and a 200 day moving average price of $10.16. The firm has a market capitalization of $617.11 million, a price-to-earnings ratio of 16.35 and a beta of 0.65.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.40 annualized dividend and a yield of 3.81%. First Potomac Realty Trust’s payout ratio is -46.51%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp increased its position in First Potomac Realty Trust by 11.8% in the first quarter. Stifel Financial Corp now owns 11,606 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,225 shares during the last quarter. Aperio Group LLC acquired a new position in First Potomac Realty Trust during the third quarter valued at $127,000. Dynamic Technology Lab Private Ltd acquired a new position in First Potomac Realty Trust during the first quarter valued at $147,000. Credit Agricole S A increased its position in First Potomac Realty Trust by 48.7% in the first quarter. Credit Agricole S A now owns 18,780 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 6,152 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in First Potomac Realty Trust during the first quarter valued at $246,000. Institutional investors and hedge funds own 91.75% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Brokerages Anticipate First Potomac Realty Trust (FPO) Will Post Earnings of $0.20 Per Share” was reported by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at http://www.watchlistnews.com/brokerages-anticipate-first-potomac-realty-trust-fpo-will-post-earnings-of-0-20-per-share/1272115.html.
First Potomac Realty Trust Company Profile
First Potomac Realty Trust (First Potomac) is engaged in ownership, management, redevelopment and development 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. The Company conducts its business through First Potomac Realty Investment Limited Partnership, its operating partnership.
Get a free copy of the Zacks research report on First Potomac Realty Trust (FPO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 Analyst Ratings Network’s FREE daily email newsletter.
Lindsey Winhoffer
No comments:
Post a Comment