trending Market Intelligence /marketintelligence/en/news-insights/trending/LrX3JXK3b3cKJX6hTPmXmQ2 content esgSubNav
In This List

Stifel Nicolaus & Co. raises First Potomac Realty Trust to 'hold'

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Stifel Nicolaus & Co. raises First Potomac Realty Trust to 'hold'

StifelNicolaus & Co. Inc. analyst John Guinee upgraded his investment opinionof First Potomac RealtyTrust to "hold" from "sell," and increased hisprice target to $9.50 from $9.

The analyst wrote in a research report: “After the recentshare price weakness and updating our thoughts on the First Potomac businessplan, we are upgrading to Hold from Sell. While others may value FPO at$10.00/sh Net Asset Value, we are looking forward past the three largemove-outs (Prisons, CACI, HHS), and estimate the NAV to be closer to $9.00/sh.Specifically, at an 8% cap rate, our NAV based on 2Q16 reported earnings is$10.04/sh. After adjusting for asset sales and known move-outs, at a 8% caprate, our forward NAV is $9.03/sh.”