UPDATE: KeyBanc Downgrades First Potomac Realty Trust; Removes PT

According to a research report published this morning, KeyBanc has downgraded First Potomac Realty Trust

from Buy to Hold, and removed its $16 PT. In the report, KeyBanc said, "Tonight, First Potomac (FPO-NYSE) delayed its 1Q earnings announcement due to an ongoing internal investigation associated with the previously disclosed material weakness in the Company's internal control over financial reporting. The Company now plans to report 1Q earnings after the market close on May 10, 2012. Given the uncertainty surrounding the outcome of the investigation and the timing of its completion, we are downgrading our rating to HOLD from BUY." First Potomac is currently trading at $12.43.