Boston Properties (BXP) : Quadrant Capital Management scooped up 220 additional shares in Boston Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 22,046 shares of Boston Properties which is valued at $3,062,630.Boston Properties makes up approximately 2.51% of Quadrant Capital Management’s portfolio.
Other Hedge Funds, Including , Checchi Capital Advisers reduced its stake in BXP by selling 13 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 1,952 shares of BXP which is valued at $271,172. Boston Properties makes up approx 0.07% of Checchi Capital Advisers’s portfolio.Hartford Investment Management Co reduced its stake in BXP by selling 46 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 37,663 shares of BXP which is valued at $5,232,144. Boston Properties makes up approx 0.11% of Hartford Investment Management Co’s portfolio.Eagle Asset Management Inc reduced its stake in BXP by selling 117 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 24,940 shares of BXP which is valued at $3,420,521. Boston Properties makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in BXP in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 15,908 shares of Boston Properties which is valued at $2,171,919. Boston Properties makes up approx 0.09% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Gateway Investment Advisers reduced its stake in BXP by selling 264 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 11,697 shares of BXP which is valued at $1,597,927. Boston Properties makes up approx 0.01% of Gateway Investment Advisers’s portfolio.
Boston Properties opened for trading at $138.74 and hit $140.51 on the upside on Thursday, eventually ending the session at $139.44, with a gain of 0.57% or 0.79 points. The heightened volatility saw the trading volume jump to 6,20,764 shares. Company has a market cap of $21,420 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. Boston Properties was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 25, 2016. 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 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.