Advantus Capital Management Inc Lowers stake in Boston Properties (BXP)

Boston Properties (BXP) : Advantus Capital Management Inc reduced its stake in Boston Properties by 17.41% during the most recent quarter end. The investment management company now holds a total of 287,964 shares of Boston Properties which is valued at $41,127,018 after selling 60,691 shares in Boston Properties , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Boston Properties makes up approximately 1.15% of Advantus Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in BXP in the latest quarter, The investment management firm added 6,462 additional shares and now holds a total of 284,791 shares of Boston Properties which is valued at $40,673,851. Boston Properties makes up approx 0.04% of Blackrock Advisors’s portfolio.Td Asset Management Inc reduced its stake in BXP by selling 2,030 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 67,870 shares of BXP which is valued at $9,645,006. Boston Properties makes up approx 0.02% of Td Asset Management Inc’s portfolio.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.Quadrant Capital Group boosted its stake in BXP in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 368 shares of Boston Properties which is valued at $52,304. Boston Properties makes up approx 0.03% of Quadrant Capital Group’s portfolio.Quadrant Capital Management boosted its stake in BXP in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 22,046 shares of Boston Properties which is valued at $3,062,630. Boston Properties makes up approx 2.51% of Quadrant Capital Management’s portfolio.

Boston Properties closed down -1.02 points or -0.72% at $141.35 with 7,64,779 shares getting traded on Friday. Post opening the session at $141.68, the shares hit an intraday low of $140.6 and an intraday high of $141.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *