SG Americas Securities LLC decreased its stake in Boston Properties, Inc. (NYSE:BXP) by 78.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,510 shares of the real estate investment trust’s stock after selling 52,408 shares during the period. SG Americas Securities LLC’s holdings in Boston Properties were worth $1,783,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in BXP. American Century Companies Inc. raised its holdings in Boston Properties by 44.4% during the 3rd quarter. American Century Companies Inc. now owns 1,420,314 shares of the real estate investment trust’s stock valued at $174,528,000 after buying an additional 436,901 shares during the last quarter. BlackRock Inc. raised its holdings in Boston Properties by 2.4% in the 2nd quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock worth $1,844,893,000 after purchasing an additional 346,189 shares in the last quarter. PGGM Investments raised its holdings in Boston Properties by 15.7% in the 3rd quarter. PGGM Investments now owns 2,215,458 shares of the real estate investment trust’s stock worth $272,235,000 after purchasing an additional 301,163 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Boston Properties by 55.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 671,288 shares of the real estate investment trust’s stock worth $82,489,000 after purchasing an additional 239,453 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Boston Properties by 62.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 480,595 shares of the real estate investment trust’s stock worth $59,123,000 after purchasing an additional 185,000 shares in the last quarter. 95.58% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 target price on shares of Boston Properties in a research report on Monday, October 9th. Royal Bank Of Canada set a $140.00 price objective on shares of Boston Properties and gave the company a “buy” rating in a research report on Monday, November 27th. Evercore ISI reissued an “in-line” rating and set a $133.00 price objective (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Argus dropped their price target on shares of Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $124.00 price target on shares of Boston Properties in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $133.73.
Boston Properties, Inc. (NYSE:BXP) opened at $127.84 on Tuesday. The company has a market cap of $19,730.00, a PE ratio of 20.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties, Inc. has a fifty-two week low of $116.77 and a fifty-two week high of $140.13.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million for the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. equities analysts predict that Boston Properties, Inc. will post 6.25 EPS for the current fiscal year.
In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the sale, the insider now owns 585 shares in the company, valued at approximately $72,861.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.86% of the stock is owned by corporate insiders.
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Boston Properties Company Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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