Stifel announced First Potomac Realty (NYSE:FPO), boosting its stock price target to $9.50 today
- Updated: September 28, 2016
In a report released on Thursday September 29, 2016 Stifel increased the stock price target of First Potomac Realty (NYSE:FPO) from $9.00 to $9.50 reporting a possible upside of 0.01%.
Just yesterday First Potomac Realty (NYSE:FPO) traded 1.96% higher at $9.38. First Potomac Realty’s 50-day moving average is $9.63 and its 200-day moving average is $9.26. The last stock price is up 1.33% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 138,355 shares of FPO traded hands, down from an average trading volume of 231,716
Recent Performance Chart
First Potomac Realty has 52 week low of $7.90 and a 52 week high of $12.11 and has a market capitalization of $0.
Brief Synopsis On First Potomac Realty (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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