Boston Properties (BXP) : Duff Phelps Investment Management Co scooped up 27,101 additional shares in Boston Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 228,528 shares of Boston Properties which is valued at $29,000,203.Boston Properties makes up approximately 0.42% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Sarasin Partners Llp boosted its stake in BXP in the latest quarter, The investment management firm added 2,894 additional shares and now holds a total of 218,227 shares of Boston Properties which is valued at $27,693,006. Boston Properties makes up approx 0.44% of Sarasin Partners Llp’s portfolio.Msi Financial Services Inc reduced its stake in BXP by selling 53 shares or 6.27% in the most recent quarter. The Hedge Fund company now holds 792 shares of BXP which is valued at $101,978. Advisory Services Network added BXP to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $14,193.Chevy Chase Trust Holdings reduced its stake in BXP by selling 2,421 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 128,802 shares of BXP which is valued at $16,529,161. Boston Properties makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.West Oak Capital boosted its stake in BXP in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 1,900 shares of Boston Properties which is valued at $243,827. Boston Properties makes up approx 0.17% of West Oak Capital’s portfolio.
Boston Properties closed down -1.86 points or -1.44% at $126.9 with 10,89,353 shares getting traded on Friday. Post opening the session at $128.08, the shares hit an intraday low of $126.5 and an intraday high of $128.91 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. Boston Properties was Downgraded by BofA/Merrill to ” Neutral” on Oct 14, 2016. 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 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.