Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 20 Shares of Boston Properties, Inc. (BXP)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Boston Properties, Inc. (NYSE:BXP) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,431 shares of the real estate investment trust’s stock after acquiring an additional 20 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Boston Properties were worth $1,406,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in shares of Boston Properties by 56.6% in the first quarter. Toronto Dominion Bank now owns 41,515 shares of the real estate investment trust’s stock worth $5,496,000 after acquiring an additional 14,998 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Boston Properties by 917.9% in the first quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock worth $4,651,000 after acquiring an additional 31,676 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after acquiring an additional 398,674 shares during the last quarter. Credit Suisse AG grew its stake in shares of Boston Properties by 7.4% in the first quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock worth $92,519,000 after acquiring an additional 48,354 shares during the last quarter. Finally, World Asset Management Inc grew its stake in shares of Boston Properties by 10.5% in the first quarter. World Asset Management Inc now owns 18,086 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 1,725 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
BXP has been the topic of a number of recent research reports. Barclays PLC cut their target price on Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. TheStreet cut Boston Properties from a “b-” rating to a “c” rating in a research note on Wednesday, May 17th. BidaskClub raised Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $150.00 target price on shares of Boston Properties in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $134.55.
Shares of Boston Properties, Inc. (NYSE BXP) opened at 120.17 on Friday. The company’s 50 day moving average price is $121.06 and its 200 day moving average price is $126.14. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $140.26. The stock has a market capitalization of $18.54 billion, a PE ratio of 40.74 and a beta of 0.64.
Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The firm had revenue of $656.90 million for the quarter, compared to the consensus estimate of $645.96 million. During the same period in the previous year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Boston Properties, Inc. will post $2.73 EPS for the current year.
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Boston Properties Company 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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