Earnest Partners LLC lowered its stake in Boston Properties, Inc. (NYSE:BXP) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,172 shares of the real estate investment trust’s stock after selling 4,175 shares during the quarter. Earnest Partners LLC owned approximately 0.12% of Boston Properties worth $22,973,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of BXP. Commerzbank Aktiengesellschaft FI purchased a new position in Boston Properties in the 1st quarter worth about $1,035,000. Comerica Bank increased its stake in Boston Properties by 2.8% in the 1st quarter. Comerica Bank now owns 45,440 shares of the real estate investment trust’s stock worth $5,422,000 after purchasing an additional 1,228 shares in the last quarter. SG Americas Securities LLC increased its stake in Boston Properties by 54.7% in the 1st quarter. SG Americas Securities LLC now owns 44,207 shares of the real estate investment trust’s stock worth $5,447,000 after purchasing an additional 15,631 shares in the last quarter. Mackay Shields LLC purchased a new position in Boston Properties in the 1st quarter worth about $3,206,000. Finally, Virginia Retirement Systems ET AL increased its stake in Boston Properties by 1.6% in the 1st quarter. Virginia Retirement Systems ET AL now owns 88,608 shares of the real estate investment trust’s stock worth $10,918,000 after purchasing an additional 1,400 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.
BXP has been the topic of a number of analyst reports. ValuEngine cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Deutsche Bank lifted their target price on Boston Properties from $133.00 to $134.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $118.00 target price on shares of Boston Properties in a research note on Wednesday, August 1st. Stifel Nicolaus lifted their target price on Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Finally, TheStreet raised Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $132.79.
NYSE:BXP opened at $131.05 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.02 and a current ratio of 4.02. Boston Properties, Inc. has a fifty-two week low of $111.57 and a fifty-two week high of $132.82. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 3.42 and a beta of 0.56.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.73). Boston Properties had a net margin of 20.23% and a return on equity of 6.71%. The business had revenue of $664.48 million for the quarter, compared to analysts’ expectations of $667.92 million. During the same period last year, the firm earned $1.67 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. equities analysts forecast that Boston Properties, Inc. will post 6.37 earnings per share for the current fiscal year.
Boston Properties Profile
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.
Featured Article: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXP).
Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.