Vigilant Capital Management Exits Position in Boston Properties (BXP)

Boston Properties (BXP) : Vigilant Capital Management has sold out all of its stake in Boston Properties during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 40 shares of Boston Properties which is valued at $5,076.

Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in BXP in the latest quarter, The investment management firm added 27,101 additional shares and now holds a total of 228,528 shares of Boston Properties which is valued at $29,000,203. Boston Properties makes up approx 0.42% of Duff Phelps Investment Management Co’s portfolio. Fox Run Management L.l.c. sold out all of its stake in BXP during the most recent quarter. The investment firm sold 2,300 shares of BXP which is valued $293,112.Exxonmobil Investment Management Inc Tx reduced its stake in BXP by selling 519 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 39,243 shares of BXP which is valued at $5,063,524. Boston Properties makes up approx 0.11% of Exxonmobil Investment Management Inc Tx’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.

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