Earnest Partners LLC cut its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,078 shares of the real estate investment trust’s stock after selling 8,360 shares during the quarter. Earnest Partners LLC owned 0.12% of Boston Properties worth $23,286,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. California State Teachers Retirement System raised its position in Boston Properties by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 268,875 shares of the real estate investment trust’s stock worth $34,962,000 after buying an additional 1,582 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Boston Properties by 39.9% during the 4th quarter. Bamco Inc. NY now owns 58,508 shares of the real estate investment trust’s stock valued at $7,608,000 after purchasing an additional 16,693 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Boston Properties by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 110,961 shares of the real estate investment trust’s stock valued at $14,428,000 after purchasing an additional 476 shares in the last quarter. AMP Capital Investors Ltd increased its holdings in shares of Boston Properties by 2.9% during the 4th quarter. AMP Capital Investors Ltd now owns 315,993 shares of the real estate investment trust’s stock valued at $41,090,000 after purchasing an additional 8,846 shares in the last quarter. Finally, Chilton Capital Management LLC increased its holdings in shares of Boston Properties by 1.7% during the 4th quarter. Chilton Capital Management LLC now owns 207,023 shares of the real estate investment trust’s stock valued at $26,919,000 after purchasing an additional 3,536 shares in the last quarter. 95.34% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BMO Capital Markets lowered shares of Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 target price for the company. in a report on Tuesday, January 9th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “hold” rating and set a $125.00 target price on shares of Boston Properties in a report on Tuesday, January 9th. JPMorgan Chase & Co. cut their target price on shares of Boston Properties from $136.00 to $133.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada set a $140.00 target price on shares of Boston Properties and gave the company a “buy” rating in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Boston Properties has an average rating of “Hold” and an average target price of $132.00.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.47 by $0.02. The company had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. analysts expect that Boston Properties, Inc. will post 6.32 earnings per share for the current year.
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Boston Properties Profile
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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