Amf Pensionsforsakring Ab buys $83 Million stake in Boston Properties (BXP)

Boston Properties (BXP) : Amf Pensionsforsakring Ab scooped up 57,678 additional shares in Boston Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 638,504 shares of Boston Properties which is valued at $83 Million.Boston Properties makes up approximately 1.10% of Amf Pensionsforsakring Ab’s portfolio.

Other Hedge Funds, Including , Security Capital Research Management Inc boosted its stake in BXP in the latest quarter, The investment management firm added 41,042 additional shares and now holds a total of 474,054 shares of Boston Properties which is valued at $61.7 Million. Boston Properties makes up approx 1.94% of Security Capital Research Management Inc’s portfolio. Advisor Partners sold out all of its stake in BXP during the most recent quarter. The investment firm sold 1,673 shares of BXP which is valued $217,590.Meag Munich Ergo Kapitalanlagegesellschaft Mbh boosted its stake in BXP in the latest quarter, The investment management firm added 167,254 additional shares and now holds a total of 207,854 shares of Boston Properties which is valued at $27.2 Million. Boston Properties makes up approx 1.40% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Retirement Systems Of Alabama reduced its stake in BXP by selling 1,665 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 77,975 shares of BXP which is valued at $10 Million. Boston Properties makes up approx 0.06% of Retirement Systems Of Alabama’s portfolio.Commerce Bank reduced its stake in BXP by selling 223 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 3,772 shares of BXP which is valued at $486,060. Boston Properties makes up approx 0.01% of Commerce Bank’s portfolio.

Boston Properties opened for trading at $124.71 and hit $125.18 on the upside on Friday, eventually ending the session at $124.39, with a gain of 0.55% or 0.68 points. The heightened volatility saw the trading volume jump to 10,94,628 shares. Company has a market cap of $19,108 M.

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.

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