Eagle Asset Management Inc. lowered its position in Boston Properties, Inc. (NYSE:BXP) by 31.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,882 shares of the real estate investment trust’s stock after selling 7,355 shares during the quarter. Eagle Asset Management Inc.’s holdings in Boston Properties were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust acquired a new position in shares of Boston Properties in the third quarter valued at approximately $105,000. Sun Life Financial INC increased its position in Boston Properties by 10,118.2% during the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,113 shares during the period. Garner Asset Management Corp acquired a new stake in Boston Properties during the 2nd quarter valued at approximately $214,000. Timber Hill LLC acquired a new stake in Boston Properties during the 3rd quarter valued at approximately $232,000. Finally, Clinton Group Inc. acquired a new stake in Boston Properties during the 2nd quarter valued at approximately $236,000. 95.58% of the stock is owned by institutional investors.
A number of analysts have weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research report on Friday, November 3rd. Royal Bank Of Canada downgraded shares of Boston Properties from a “top pick” rating to an “outperform” rating and decreased their target price for the company from $150.00 to $140.00 in a research report on Thursday, August 17th. Jefferies Group reissued a “hold” rating and set a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. Argus decreased their target price on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Finally, SunTrust Banks reissued a “hold” rating and set a $130.00 target price on shares of Boston Properties in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $133.73.
In related news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction 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 transaction, the insider now directly owns 585 shares in the company, valued at approximately $72,861.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is owned by company insiders.
Boston Properties, Inc. (NYSE:BXP) opened at $125.49 on Wednesday. Boston Properties, Inc. has a twelve month low of $116.77 and a twelve month high of $140.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $19,728.56, a price-to-earnings ratio of 20.42, a P/E/G ratio of 3.65 and a beta of 0.63.
Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The company had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. During the same period last year, the business earned $1.42 EPS. Boston Properties’s quarterly revenue was up 5.2% compared to the same quarter last year. analysts predict that Boston Properties, Inc. will post 6.25 earnings per share for the current year.
About Boston Properties
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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