Rating Action: First Property Group PLC (LON:FPO) Stock Rating Reiterated at Arden Partners

November 23, 2016 - By Dolores Ford

First Property Group PLC (LON:FPO) Rating

Today, Arden Partners reconfirmed their “Buy” rating on First Property Group PLC (LON:FPO)‘s stock in a note issued to clients.

First Property Group PLC (LON:FPO) Ratings Coverage

Out of 2 analysts covering First Property Group (LON:FPO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 162 is the highest target while GBX 120 is the lowest. The GBX 141 average target is 193.75% above today’s (GBX 48) stock price. First Property Group has been the topic of 2 analyst reports since November 10, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock with “Overweight” rating in Tuesday, November 10 report. The firm has “Buy” rating given on Thursday, January 28 by Panmure Gordon.

About 231,192 shares traded hands or 176.73% up from the average. First Property Group PLC (LON:FPO) has risen 10.17% since April 25, 2016 and is uptrending. It has outperformed by 4.84% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.50, from 0.98 in 2016Q1. The ratio improved, as 12 funds sold all First Property Group PLC 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.

Indexiq Advsr Ltd Llc last reported 45,899 shares in the company. Envestnet Asset Inc accumulated 0% or 4,186 shares. Smithfield has 770 shares for 0% of their US portfolio. Cambridge Investment Rech Advsrs owns 12,167 shares or 0% of their US portfolio. Teachers Advsrs accumulated 0% or 94,625 shares. Moreover, First Trust Advsrs Limited Partnership has 0% invested in First Property Group PLC (LON:FPO) for 26,391 shares. Pnc Services Gp holds 0% of its portfolio in First Property Group PLC (LON:FPO) for 4,111 shares. Morgan Stanley has invested 0% of its portfolio in First Property Group PLC (LON:FPO). Metropolitan Life Ins holds 0% of its portfolio in First Property Group PLC (LON:FPO) for 44,538 shares. Teacher Retirement Sys Of Texas accumulated 8,082 shares or 0% of the stock. Blackrock Japan Limited holds 3,104 shares or 0% of its portfolio. Strs Ohio holds 0% of its portfolio in First Property Group PLC (LON:FPO) for 106,318 shares. Walleye Trading Limited Liability, a Minnesota-based fund reported 2,500 shares. Wfg Advsr L P holds 0% of its portfolio in First Property Group PLC (LON:FPO) for 312 shares. Price T Rowe Associate Md holds 5.87M shares or 0.01% of its portfolio.

First Property Group plc is a property fund manager and investor with activities in the United Kingdom and Central Europe. The company has a market cap of 55.32 million GBP.

According to Zacks Investment Research, “First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that acquires, operates and develops industrial and flex properties in Maryland, Virginia and the Washington, D.C. metropolitan area.”

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.

Another recent and important First Property Group PLC (LON:FPO) news was published by Bloomberg.com which published an article titled: “Brexit No Barrier for China’s New Financial District Plan in London” on November 17, 2016.

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