A report released today by SunTrust Banks Inc. about First Potomac Realty Trust (NYSE:FPO) raises the target price to $11.00
- Updated: September 15, 2016
First Potomac Realty Trust (NYSE:FPO) had its price target raised to $11 by SunTrust Banks Inc. in an issued report issued 9/16/2016. The new target price indicates a potential upside of 0.22% based on the bussiness’ last stock close price.
Having a price of $8.99, First Potomac Realty Trust (NYSE:FPO) traded 0.22% lower on the day. With the last stock close down 2.50% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. The company has registered a 50-day moving average of $9.81 and 200-day moving average of $9.22. Volume of trade was was down over the average, with 200,587 shares of FPO changing hands under the typical 216,762 shares.
First Potomac Realty Trust has a one-year low of $7.90 and a 52 week high of $12.11 and has a market cap of $0.0.
More About First Potomac Realty Trust (NYSE:FPO)
First Potomac Realty Trust is engaged in the ownership, management, development and redevelopment 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. It conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership (the Operating Partnership). The Company is the sole general partner of, and owns the preferred interest and approximately 95.7% of the common interest in the 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 and business parks consists of buildings with office features combined with some industrial property space. It also owns land that can support approximately 1.3 million square feet of additional development.
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