Boston Properties (BXP) : Chilton Capital Management scooped up 4,233 additional shares in Boston Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 207,634 shares of Boston Properties which is valued at $26,176,418.Boston Properties makes up approximately 2.74% of Chilton Capital Management’s portfolio.
Other Hedge Funds, Including , Qs Investors reduced its stake in BXP by selling 1,710 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 59,009 shares of BXP which is valued at $7,439,265. Boston Properties makes up approx 0.06% of Qs Investors’s portfolio.Comerica Bank boosted its stake in BXP in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 53,962 shares of Boston Properties which is valued at $6,600,092. Boston Properties makes up approx 0.06% of Comerica Bank’s portfolio.Emerald Acquisition Ltd. reduced its stake in BXP by selling 162,395 shares or 24.82% in the most recent quarter. The Hedge Fund company now holds 492,024 shares of BXP which is valued at $57,960,427. Boston Properties makes up approx 0.11% of Emerald Acquisition Ltd.’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in BXP by selling 192,622 shares or 3.21% in the most recent quarter. The Hedge Fund company now holds 5,815,118 shares of BXP which is valued at $686,242,075. Boston Properties makes up approx 0.11% of Blackrock Institutional Trust Company N.a.’s portfolio.Cibc Asset Management Inc reduced its stake in BXP by selling 46,008 shares or 55.41% in the most recent quarter. The Hedge Fund company now holds 37,026 shares of BXP which is valued at $4,708,967. Boston Properties makes up approx 0.03% of Cibc Asset Management Inc’s portfolio.
Boston Properties closed down -0.5 points or -0.41% at $121.16 with 15,82,307 shares getting traded on Monday. Post opening the session at $121.7, the shares hit an intraday low of $121.04 and an intraday high of $122.61 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Boston Properties reported $1.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $1.43. The company had revenue of $625.23 million for the quarter, compared to analysts expectations of $627.76 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.
Many Wall Street Analysts have commented on Boston Properties. Shares were Downgraded by Stifel on Oct 27, 2016 to ” Hold” and Lowered the Price Target to $ 120 from a previous price target of $140 .Shares were Reiterated by RBC Capital Mkts on Oct 27, 2016 to “Outperform” and Lowered the Price Target to $ 150 from a previous price target of $155 .Boston Properties was Downgraded by BofA/Merrill to ” Neutral” on Oct 14, 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.