Boston Properties (BXP) : Lasalle Investment Management Securities scooped up 315,546 additional shares in Boston Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,423,839 shares of Boston Properties which is valued at $575.4 Million.Boston Properties makes up approximately 5.85% of Lasalle Investment Management Securities’s portfolio.
Other Hedge Funds, Including , Rothschild Asset Management Inc added BXP to its portfolio by purchasing 157,712 company shares during the most recent quarter which is valued at $20.5 Million. Boston Properties makes up approx 0.39% of Rothschild Asset Management Inc’s portfolio. Ipswich Investment Management added BXP to its portfolio by purchasing 855 company shares during the most recent quarter which is valued at $111,201. Boston Properties makes up approx 0.05% of Ipswich Investment Management’s portfolio.Swiss National Bank boosted its stake in BXP in the latest quarter, The investment management firm added 117,000 additional shares and now holds a total of 512,635 shares of Boston Properties which is valued at $67.1 Million. Boston Properties makes up approx 0.12% of Swiss National Bank’s portfolio. Dupont Capital Management Corp added BXP to its portfolio by purchasing 11,943 company shares during the most recent quarter which is valued at $1.5 Million. Boston Properties makes up approx 0.04% of Dupont Capital Management Corp’s portfolio.
Boston Properties closed down -0.6 points or -0.48% at $125.26 with 8,62,969 shares getting traded on Wednesday. Post opening the session at $126.13, the shares hit an intraday low of $124.255 and an intraday high of $126.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 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.