Tredje AP fonden Has $1.80 Million Position in Boston Properties, Inc. (BXP)
Tredje AP fonden boosted its position in shares of Boston Properties, Inc. (NYSE:BXP) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,594 shares of the real estate investment trust’s stock after purchasing an additional 2,559 shares during the quarter. Tredje AP fonden’s holdings in Boston Properties were worth $1,804,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BXP. Harbour Capital Advisors LLC boosted its position in Boston Properties by 12,201.8% during the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 13,422 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in Boston Properties by 9.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 12,942 shares of the real estate investment trust’s stock valued at $1,592,000 after purchasing an additional 1,170 shares during the last quarter. Retirement Systems of Alabama increased its stake in Boston Properties by 0.3% in the second quarter. Retirement Systems of Alabama now owns 74,599 shares of the real estate investment trust’s stock valued at $9,177,000 after purchasing an additional 239 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Boston Properties by 62.6% in the second quarter. Canada Pension Plan Investment Board now owns 480,595 shares of the real estate investment trust’s stock valued at $59,123,000 after purchasing an additional 185,000 shares during the last quarter. Finally, HGI Capital Management LLC acquired a new position in Boston Properties in the second quarter valued at $3,807,000. Institutional investors own 95.58% of the company’s stock.
BXP has been the subject of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research note on Friday, September 1st. SunTrust Banks reiterated a “hold” rating and issued a $130.00 target price on shares of Boston Properties in a research note on Monday, October 9th. Jefferies Group reissued a “hold” rating and set a $124.00 price target on shares of Boston Properties in a research report on Tuesday, October 24th. Mizuho reissued a “hold” rating and set a $122.00 price target on shares of Boston Properties in a research report on Friday, November 3rd. Finally, Argus lowered their price target on Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $133.73.
In other news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the sale, the insider now owns 585 shares of the company’s stock, valued at $72,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.17% of the stock is owned by corporate insiders.
Shares of Boston Properties, Inc. (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 company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $19,365.90, a PE ratio of 20.05, a PEG ratio of 3.59 and a beta of 0.63.
Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The company had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. During the same quarter in the prior year, the business earned $1.42 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. research analysts expect that Boston Properties, Inc. will post 6.25 EPS for the current fiscal year.
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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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