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Downgrade Alert for First Potomac Realty Trust (FPO)

By Amy Schwartz

First Potomac Realty Trust (NYSE:FPO) was downgraded from Outperform to Market Perform at BMO Capital today. The stock closed yesterday at $9.20 on volume of 787,000 shares, above average daily volume of 167,000.

In the past 52 weeks, First Potomac Realty Trust share prices have been bracketed by a low of $7.90 and a high of $12.11 and closed yesterday at $9.20, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.4%.

First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and industrial properties in the greater Washington, D.C. region.

There is potential upside of 39.8% for shares of First Potomac Realty Trust based on a current price of $9.20 and an average consensus analyst price target of $12.86. The stock should find resistance at its 200-day moving average (MA) of $10.32, as well as support at its 50-day MA of $8.71.

SmarTrend is tracking the current trend status for First Potomac Realty Trust and will alert subscribers who have FPO in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades first potomac realty trust

Ticker(s): FPO