Boston Properties (BXP) : St. Johns Investment Management Company scooped up 635 additional shares in Boston Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 7,498 shares of Boston Properties which is valued at $1,028,351.Boston Properties makes up approximately 0.90% of St. Johns Investment Management Company’s portfolio.
Other Hedge Funds, Including , State Of Alaska Department Of Revenue reduced its stake in BXP by selling 1,010 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 65,540 shares of BXP which is valued at $8,988,811. Boston Properties makes up approx 0.92% of State Of Alaska Department Of Revenue’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in BXP in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 15,908 shares of Boston Properties which is valued at $2,171,919. Boston Properties makes up approx 0.09% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.British Columbia Investment Management Corp reduced its stake in BXP by selling 3,787 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 77,658 shares of BXP which is valued at $10,353,365. Boston Properties makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio.West Oak Capital boosted its stake in BXP in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 1,850 shares of Boston Properties which is valued at $246,642. Boston Properties makes up approx 0.18% of West Oak Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BXP by selling 8,864 shares or 21.29% in the most recent quarter. The Hedge Fund company now holds 32,765 shares of BXP which is valued at $4,368,230. Boston Properties makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
Boston Properties closed down -0.3 points or -0.22% at $137.15 with 4,86,161 shares getting traded on Wednesday. Post opening the session at $137.44, the shares hit an intraday low of $136.62 and an intraday high of $137.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 151 from a previous price target of $145 .Company shares were Reiterated by Stifel on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $130 .
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.