First Potomac Realty Trust (NYSE:FPO) target price raised to $9.50, reported today by Stifel Nicolaus
- Updated: October 1, 2016
Yesterday First Potomac Realty Trust (NYSE:FPO) traded -1.93% lower at $9.38. The company’s 50-day moving average is $9.60 and its 200-day moving average is $9.26. The last stock close price is up -1.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 231,320 shares of the stock were exchanged, up from an average trading volume of 219,758
Stating a potential upside of 0.01%, Stifel Nicolaus increased the stock price target of First Potomac Realty Trust (NYSE:FPO) to $9.50
See Chart Below
First Potomac Realty Trust has a 52 week low of $7.90 and a 52 week high of $12.11 The company’s market cap is currently $0.
General Information 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 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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