Noteworthy Dividend Flows: $0.10 dividends will be a reality for First Potomac Realty Trust (NYSE:FPO)’s shareholders on Nov 15, 2016.

Noteworthy Dividend Flows: $0.10 dividends will be a reality for First Potomac Realty Trust (NYSE:FPO)'s shareholders on Nov 15, 2016.

First Potomac Realty Trust (NYSE:FPO) is expected to pay $0.10 on Nov 15, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on First Potomac Realty Trust’s current price of $8.36, the dividend is 1.20%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 28, 2016. The stock closed at $8.36 during the last session. It is down 7.32% since April 1, 2016 and is downtrending. It has underperformed by 8.53% the S&P500.

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 has a market cap of $487.51 million. The Company’s divisions include Washington, D.C., Maryland, Northern Virginia and Southern Virginia. It currently has negative earnings. It conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership .

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.49, from 1.47 in 2016Q1. The ratio is negative, as 12 funds sold all First Potomac Realty Trust shares owned while 49 reduced positions. 15 funds bought stakes while 45 increased positions. They now own 52.72 million shares or 0.96% less from 53.23 million shares in 2016Q1.
The Ontario – Canada-based Independent Order Of Foresters has invested 0.06% in First Potomac Realty Trust (NYSE:FPO). Bnp Paribas Arbitrage Sa holds 2,656 shares or 0% of its portfolio. Menta Limited Liability, a California-based fund reported 64,169 shares. Tiaa Cref Inv Management Ltd Co has invested 0% of its portfolio in First Potomac Realty Trust (NYSE:FPO). Blackrock Institutional Tru Co Na holds 0% or 2.46 million shares in its portfolio. Moreover, Teachers Insur Annuity Association Of America has 0.03% invested in First Potomac Realty Trust (NYSE:FPO) for 61,948 shares. Envestnet Asset Mgmt holds 4,186 shares or 0% of its portfolio. Systematic Management Limited Partnership holds 0.02% or 137,968 shares in its portfolio. Citadel Advsr Lc holds 0% of its portfolio in First Potomac Realty Trust (NYSE:FPO) for 36,904 shares. Smithfield accumulated 770 shares or 0% of the stock. California State Teachers Retirement holds 121,629 shares or 0% of its portfolio. Wells Fargo And Commerce Mn holds 0% of its portfolio in First Potomac Realty Trust (NYSE:FPO) for 1.09 million shares. Moreover, New Mexico Educational Retirement Board has 0% invested in First Potomac Realty Trust (NYSE:FPO) for 8,218 shares. Nationwide Fund Advsrs holds 0% of its portfolio in First Potomac Realty Trust (NYSE:FPO) for 80,005 shares. Connable Office has invested 0.04% of its portfolio in First Potomac Realty Trust (NYSE:FPO).

First Potomac Realty Trust (NYSE:FPO) Ratings Coverage

Out of 6 analysts covering First Potomac Realty Trust (NYSE:FPO), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $15 is the highest target while $9 is the lowest. The $11.50 average target is 37.56% above today’s ($8.36) stock price. First Potomac Realty Trust has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, August 18 by Zacks. Stifel Nicolaus upgraded First Potomac Realty Trust (NYSE:FPO) on Thursday, September 29 to “Hold” rating. The rating was upgraded by SunTrust to “Buy” on Friday, September 16. The firm has “Buy” rating given on Friday, September 16 by Suntrust Robinson. As per Monday, August 3, the company rating was upgraded by BMO Capital Markets.

More notable recent First Potomac Realty Trust (NYSE:FPO) news were published by: Prnewswire.com which released: “First Potomac Realty Trust Reports Third Quarter 2016 Results” on October 27, 2016, also Prnewswire.com with their article: “First Potomac Realty Trust Appoints Tricia Moore As Senior Vice President …” published on October 17, 2016, Seekingalpha.com published: “First Potomac Realty Trust’s (FPO) CEO Bob Milkovich on Q3 2016 Results …” on October 28, 2016. More interesting news about First Potomac Realty Trust (NYSE:FPO) were released by: Reuters.com and their article: “BRIEF-First Potomac Realty Trust appoints Kati Penney to board of trustees” published on October 25, 2016 as well as Bizjournals.com‘s news article titled: “Donatelli out, Milkovich in as CEO of First Potomac Realty Trust” with publication date: November 09, 2015.

FPO Company Profile

First Potomac Realty Trust (First Potomac), incorporated on July 14, 2003, 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 divisions include Washington, D.C., Maryland, Northern Virginia and Southern Virginia. The Firm conducts its business through First Potomac Realty Investment Limited Partnership, the Company’s operating partnership (the Operating Partnership). The Firm is the sole general partner of, and owns the preferred interest and approximately 95.7% of the common interest in the Operating Partnership.

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