Boston Properties (BXP) : Aew Capital Management L P reduced its stake in Boston Properties by 0.79% during the most recent quarter end. The investment management company now holds a total of 2,324,436 shares of Boston Properties which is valued at $304,268,672 after selling 18,500 shares in Boston Properties , the firm said in a disclosure report filed with the SEC on May 2, 2016.Boston Properties makes up approximately 6.16% of Aew Capital Management L P’s portfolio.
Boston Properties opened for trading at $130.78 and hit $131.2923 on the upside on Friday, eventually ending the session at $130.9, with a gain of 0.03% or 0.04 points. The heightened volatility saw the trading volume jump to 9,22,685 shares. Company has a market cap of $20,105 M.
Other Hedge Funds, Including , Presima boosted its stake in BXP in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 23,300 shares of Boston Properties which is valued at $3,049,970. Boston Properties makes up approx 0.48% of Presima’s portfolio. Sanders Morris Harris added BXP to its portfolio by purchasing 16,546 company shares during the most recent quarter which is valued at $2,132,118. Boston Properties makes up approx 0.35% of Sanders Morris Harris’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 1,800 shares of BXP which is valued $232,920.
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 was Downgraded by CapitalOne to ” Equal Weight” on Feb 26, 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.