Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,600 shares of the real estate investment trust’s stock, valued at approximately $934,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust purchased a new stake in shares of Boston Properties during the third quarter valued at about $105,000. Sun Life Financial INC raised its position in shares of Boston Properties by 10,118.2% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,113 shares during the last quarter. Garner Asset Management Corp purchased a new position in shares of Boston Properties in the 2nd quarter valued at approximately $214,000. Timber Hill LLC purchased a new position in shares of Boston Properties in the 3rd quarter valued at approximately $232,000. Finally, Clinton Group Inc. purchased a new position in shares of Boston Properties in the 2nd quarter valued at approximately $236,000. 95.58% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on BXP shares. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. Mizuho reaffirmed a “hold” rating and issued a $122.00 price objective on shares of Boston Properties in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Boston Properties in a research report on Monday, October 9th. Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price objective (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, Barclays decreased their price objective on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, August 31st. Two research 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’s stock. The company currently has an average rating of “Hold” and an average price target of $133.73.
Boston Properties, Inc. (NYSE BXP) traded down $1.46 on Friday, reaching $123.95. 837,500 shares of the company’s stock were exchanged, compared to its average volume of 680,808. Boston Properties, Inc. has a 12 month low of $116.77 and a 12 month 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 stock has a market cap of $19,353.56, a price-to-earnings ratio of 20.03, a PEG ratio of 3.58 and a beta of 0.63.
Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company had revenue of $657.70 million during the quarter, compared to analyst estimates of $649.84 million. During the same period last year, the firm posted $1.42 EPS. Boston Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts anticipate 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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