Boston Properties (BXP) : Diam Ltd. reduced its stake in Boston Properties by 4.51% during the most recent quarter end. The investment management company now holds a total of 518,040 shares of Boston Properties which is valued at $72,737,996 after selling 24,471 shares in Boston Properties , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Boston Properties makes up approximately 1.05% of Diam Ltd.’s portfolio.
Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in BXP in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 39,735 shares of Boston Properties which is valued at $5,579,191. Boston Properties makes up approx 0.24% of New Mexico Educational Retirement Board’s portfolio.World Asset Management Inc boosted its stake in BXP in the latest quarter, The investment management firm added 234 additional shares and now holds a total of 18,829 shares of Boston Properties which is valued at $2,643,780. Boston Properties makes up approx 0.10% of World Asset Management Inc’s portfolio.Dupont Capital Management Corp reduced its stake in BXP by selling 1,918 shares or 16.06% in the most recent quarter. The Hedge Fund company now holds 10,025 shares of BXP which is valued at $1,407,610. Boston Properties makes up approx 0.03% of Dupont Capital Management Corp’s portfolio. Armbruster Capital Management added BXP to its portfolio by purchasing 48 company shares during the most recent quarter which is valued at $6,822.Daiwa Securities Group boosted its stake in BXP in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 10,050 shares of Boston Properties which is valued at $1,393,433. Boston Properties makes up approx 0.01% of Daiwa Securities Group’s portfolio.
Boston Properties opened for trading at $142 and hit $142.97 on the upside on Monday, eventually ending the session at $142.8, with a gain of 0.49% or 0.69 points. The heightened volatility saw the trading volume jump to 6,40,754 shares. Company has a market cap of $21,947 M.
On the company’s financial health, Boston Properties reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.58. The company had revenue of $665.99 million for the quarter, compared to analysts expectations of $670.01 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.
Many Wall Street Analysts have commented on Boston Properties. Company shares were Reiterated by DA Davidson on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $140 .Company shares were Reiterated by Mizuho on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 131 from a previous price target of $125 .Boston Properties was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 25, 2016.
Boston Properties Inc. is a fully integrated self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Company’s properties are concentrated in four markets: Boston New York San Francisco and Washington DC. The Company conducts all of its business through its subsidiary Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office research and development laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions development financing capital markets construction management property management marketing leasing accounting risk management tax and legal services.