NEW YORK (
TheStreet) --
First Potomac Realty (NYSE:
FPO) hit a new 52-week low Wednesday as it is currently trading at $11.19, below its previous 52-week low of $11.20 with 218,715 shares traded as of 1:55 p.m. ET. Average volume has been 419,900 shares over the past 30 days.
First Potomac has a market cap of $578.5 million and is part of the
financial sector and
real estate industry. Shares are down 13% year to date as of the close of trading on Tuesday.
First Potomac Realty Trust, a real estate investment trust (REIT), engages in the ownership, development, redevelopment, and operation of industrial properties and business parks in the Washington, D.C. metropolitan area, and other markets in Maryland and Virginia.
TheStreet Ratings rates First Potomac as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full
First Potomac Ratings Report.
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