Harrison Street Securities Lowers stake in Boston Properties (BXP)

Boston Properties (BXP) : Harrison Street Securities reduced its stake in Boston Properties by 29.82% during the most recent quarter end. The investment management company now holds a total of 7,501 shares of Boston Properties which is valued at $1,071,293 after selling 3,187 shares in Boston Properties , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Boston Properties makes up approximately 3.41% of Harrison Street Securities’s portfolio.

Other Hedge Funds, Including , Qs Investors boosted its stake in BXP in the latest quarter, The investment management firm added 56,348 additional shares and now holds a total of 60,719 shares of Boston Properties which is valued at $8,671,888. Boston Properties makes up approx 0.07% of Qs Investors’s portfolio.Alliancebernstein boosted its stake in BXP in the latest quarter, The investment management firm added 43,679 additional shares and now holds a total of 661,648 shares of Boston Properties which is valued at $94,496,567. Boston Properties makes up approx 0.08% of Alliancebernstein’s portfolio.Quadrature Capital Ltd reduced its stake in BXP by selling 22,926 shares or 69.72% in the most recent quarter. The Hedge Fund company now holds 9,958 shares of BXP which is valued at $1,422,202. Boston Properties makes up approx 0.10% of Quadrature Capital Ltd’s portfolio.Brown Advisory Inc boosted its stake in BXP in the latest quarter, The investment management firm added 114 additional shares and now holds a total of 10,112 shares of Boston Properties which is valued at $1,443,994.Tarbox Group reduced its stake in BXP by selling 31 shares or 30.39% in the most recent quarter. The Hedge Fund company now holds 71 shares of BXP which is valued at $10,091. Boston Properties makes up approx 0.01% of Tarbox Group’s portfolio.

Boston Properties opened for trading at $140.28 and hit $141.22 on the upside on Thursday, eventually ending the session at $141.06, with a gain of 0.66% or 0.93 points. The heightened volatility saw the trading volume jump to 8,44,430 shares. Company has a market cap of $21,680 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 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.

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