Heitman Real Estate Securities Lowers stake in Boston Properties (BXP)

Boston Properties (BXP) : Heitman Real Estate Securities reduced its stake in Boston Properties by 65.86% during the most recent quarter end. The investment management company now holds a total of 323,233 shares of Boston Properties which is valued at $46,164,137 after selling 623,437 shares in Boston Properties , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Boston Properties makes up approximately 2.38% of Heitman Real Estate Securities’s portfolio.

Other Hedge Funds, Including , Capital Impact Advisors added BXP to its portfolio by purchasing 7,019 company shares during the most recent quarter which is valued at $1,002,454. Boston Properties makes up approx 0.44% of Capital Impact Advisors’s portfolio. Menta Capital sold out all of its stake in BXP during the most recent quarter. The investment firm sold 20,680 shares of BXP which is valued $2,953,518.Texas Permanent School Fund reduced its stake in BXP by selling 3,133 shares or 5.91% in the most recent quarter. The Hedge Fund company now holds 49,838 shares of BXP which is valued at $7,117,863. Boston Properties makes up approx 0.09% of Texas Permanent School Fund’s portfolio. Gsa Capital Partners Llp added BXP to its portfolio by purchasing 10,559 company shares during the most recent quarter which is valued at $1,500,539. Boston Properties makes up approx 0.08% of Gsa Capital Partners Llp’s portfolio.Royal London Asset Management Ltd reduced its stake in BXP by selling 280 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 53,709 shares of BXP which is valued at $7,541,281. Boston Properties makes up approx 0.12% of Royal London Asset Management Ltd’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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