New England Private Wealth Advisors LLC maintained its stake in Boston Properties, Inc. (NYSE:BXP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,230 shares of the real estate investment trust’s stock at the end of the second quarter. New England Private Wealth Advisors LLC’s holdings in Boston Properties were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in BXP. Harbour Capital Advisors LLC grew its position in Boston Properties by 12,201.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 13,422 shares in the last quarter. Jane Street Group LLC bought a new position in Boston Properties in the 1st quarter valued at about $200,000. Parametrica Management Ltd bought a new position in Boston Properties in the 2nd quarter valued at about $252,000. Commonwealth Bank of Australia grew its position 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 valued at $254,000 after buying an additional 127 shares in the last quarter. Finally, FDO Partners LLC bought a new position in Boston Properties in the 1st quarter valued at about $324,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.
A number of brokerages recently issued reports on BXP. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. Barclays PLC decreased their target price 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. Royal Bank Of Canada lowered shares of Boston Properties from a “top pick” rating to an “outperform” rating and decreased their target price for the company from $150.00 to $140.00 in a research report on Thursday, August 17th. TheStreet upgraded shares of Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $134.55.
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Boston Properties, Inc. (NYSE:BXP) traded down 0.61% during mid-day trading on Friday, reaching $120.17. 444,125 shares of the company’s stock were exchanged. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $140.26. The stock has a market cap of $18.54 billion, a P/E ratio of 40.74 and a beta of 0.64. The stock has a 50-day moving average price of $121.06 and a 200-day moving average price of $126.14.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analysts’ expectations of $645.96 million. During the same quarter last year, the business earned $1.44 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Boston Properties, Inc. will post $2.73 earnings per share for the current year.
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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