IFM Investors Pty Ltd bought a new stake in shares of Boston Properties, Inc. (NYSE:BXP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,731 shares of the real estate investment trust’s stock, valued at approximately $581,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Motco lifted its stake in shares of Boston Properties by 0.9% in the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 34 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Boston Properties by 1.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 61 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Boston Properties by 6.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 127 shares in the last quarter. MML Investors Services LLC increased its holdings in Boston Properties by 7.3% in the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 137 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Boston Properties by 1.9% in the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 95.57% of the company’s stock.
In related news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the transaction, the insider now directly owns 585 shares of the company’s stock, valued at $72,861.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.17% of the company’s stock.
Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, beating 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 business 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. The company’s revenue was up 5.2% on a year-over-year basis. equities research analysts anticipate that Boston Properties, Inc. will post 6.25 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada set a $140.00 target price on shares of Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Argus reduced their target price on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a report on Thursday, November 16th. KeyCorp reissued a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Mizuho reissued a “hold” rating and issued a $122.00 target price on shares of Boston Properties in a report on Friday, November 3rd. Finally, Jefferies Group reissued a “hold” rating and issued a $124.00 target price on shares of Boston Properties in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $132.80.
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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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