Boston Properties (BXP) : Aew Capital Management L P reduced its stake in Boston Properties by 1.41% during the most recent quarter end. The investment management company now holds a total of 2,291,636 shares of Boston Properties which is valued at $327,291,454 after selling 32,800 shares in Boston Properties , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Boston Properties makes up approximately 6.48% of Aew Capital Management L P’s portfolio.
Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in BXP in the latest quarter, The investment management firm added 901 additional shares and now holds a total of 12,299 shares of Boston Properties which is valued at $1,756,543. Boston Properties makes up approx 0.03% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Private Capital Management Inc reduced its stake in BXP by selling 1,350 shares or 28.42% in the most recent quarter. The Hedge Fund company now holds 3,400 shares of BXP which is valued at $483,174. Boston Properties makes up approx 0.46% of Private Capital Management Inc’s portfolio. Smith Asset Management Group Lp sold out all of its stake in BXP during the most recent quarter. The investment firm sold 70 shares of BXP which is valued $9,706.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 closed down -0.52 points or -0.37% at $141.35 with 5,18,096 shares getting traded on Tuesday. Post opening the session at $142.42, the shares hit an intraday low of $141.33 and an intraday high of $142.645 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.