AMP Capital Investors Ltd lessened its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,671 shares of the real estate investment trust’s stock after selling 17,337 shares during the period. AMP Capital Investors Ltd owned 0.19% of Boston Properties worth $36,206,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Commerzbank Aktiengesellschaft FI acquired a new position in Boston Properties in the first quarter valued at $1,035,000. Comerica Bank lifted its holdings in Boston Properties by 2.8% in the first quarter. Comerica Bank now owns 45,440 shares of the real estate investment trust’s stock valued at $5,422,000 after buying an additional 1,228 shares during the period. Mackay Shields LLC acquired a new position in Boston Properties in the first quarter valued at $3,206,000. Massachusetts Financial Services Co. MA acquired a new position in Boston Properties in the first quarter valued at $20,316,000. Finally, M&T Bank Corp lifted its holdings in Boston Properties by 11.2% in the first quarter. M&T Bank Corp now owns 12,569 shares of the real estate investment trust’s stock valued at $1,549,000 after buying an additional 1,264 shares during the period. Institutional investors own 95.78% of the company’s stock.
Several equities analysts recently issued reports on BXP shares. ValuEngine lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Deutsche Bank boosted their target price on shares of Boston Properties from $133.00 to $134.00 and gave the company a “hold” rating in a report on Tuesday, June 26th. Jefferies Financial Group restated a “hold” rating and issued a $118.00 target price on shares of Boston Properties in a report on Wednesday, August 1st. Stifel Nicolaus boosted their target price on shares of Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, August 2nd. Finally, TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $132.79.
Shares of NYSE BXP opened at $129.89 on Friday. Boston Properties, Inc. has a 1-year low of $111.57 and a 1-year high of $132.82. The stock has a market cap of $20.14 billion, a PE ratio of 21.28, a P/E/G ratio of 3.42 and a beta of 0.56. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.34.
Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share for the quarter, missing the 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 company had revenue of $664.48 million for the quarter, compared to analyst estimates of $667.92 million. During the same quarter in the prior year, the company posted $1.67 EPS. Boston Properties’s revenue for the quarter was up 1.2% on a year-over-year basis. equities analysts anticipate that Boston Properties, Inc. will post 6.37 EPS for the current year.
About Boston Properties
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.
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