Boston Properties (BXP) : Uniplan Investment Counsel reduced its stake in Boston Properties by 5.1% during the most recent quarter end. The investment management company now holds a total of 369,910 shares of Boston Properties which is valued at $52,830,546 after selling 19,885 shares in Boston Properties , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Boston Properties makes up approximately 2.35% of Uniplan Investment Counsel’s portfolio.
Other Hedge Funds, Including , Miles Capital reduced its stake in BXP by selling 4,750 shares or 64.99% in the most recent quarter. The Hedge Fund company now holds 2,559 shares of BXP which is valued at $365,476. Boston Properties makes up approx 0.24% of Miles Capital’s portfolio.Utah Retirement Systems reduced its stake in BXP by selling 100 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 34,237 shares of BXP which is valued at $4,807,217. Boston Properties makes up approx 0.12% of Utah Retirement Systems’s portfolio.Sg Americas Securities reduced its stake in BXP by selling 30,934 shares or 57.61% in the most recent quarter. The Hedge Fund company now holds 22,757 shares of BXP which is valued at $3,195,310. Boston Properties makes up approx 0.02% of Sg Americas Securities’s portfolio.
Boston Properties closed down -0.52 points or -0.37% at $141.35 with 5,18,096 shares getting traded on Tuesday. Post opening the session at $142.42, the shares hit an intraday low of $141.33 and an intraday high of $142.645 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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 was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 25, 2016.
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.