AMP Capital Investors Ltd increased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 16.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,147 shares of the real estate investment trust’s stock after acquiring an additional 43,169 shares during the period. AMP Capital Investors Ltd owned about 0.20% of Boston Properties worth $37,741,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Motco raised its holdings in Boston Properties by 0.9% during the second quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 34 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Boston Properties by 1.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 61 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Boston Properties by 6.5% during the second quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 127 shares in the last quarter. MML Investors Services LLC raised its holdings in Boston Properties by 7.3% during the second quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 137 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Boston Properties by 1.9% during the second quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock valued at $941,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 95.58% of the company’s stock.
Shares of Boston Properties, Inc. (NYSE BXP) opened at $125.41 on Thursday. Boston Properties, Inc. has a 1 year low of $116.77 and a 1 year high of $140.13. The firm has a market capitalization of $19,365.90, a PE ratio of 20.05, a P/E/G ratio of 3.59 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.44.
Boston Properties (NYSE:BXP) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The business had revenue of $657.70 million for the quarter, compared to the consensus estimate of $649.84 million. During the same period last year, the business earned $1.42 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. analysts anticipate that Boston Properties, Inc. will post 6.25 EPS for the current year.
Several equities analysts have weighed in on the company. Royal Bank Of Canada lowered Boston Properties from a “top pick” rating to an “outperform” rating and cut their target price for the company from $150.00 to $140.00 in a report on Thursday, August 17th. KeyCorp restated a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Barclays cut their target price on Boston Properties from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, August 31st. Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, Argus lowered their price target on Boston Properties to $140.00 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $133.73.
In related news, insider Bryan J. Koop sold 5,868 shares of Boston Properties stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the sale, the insider now directly owns 585 shares of the company’s stock, valued at $72,861.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.17% of the stock is owned by company insiders.
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About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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