State of Wisconsin Investment Board cut its position in shares of Boston Properties, Inc. (NYSE:BXP) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,815 shares of the real estate investment trust’s stock after selling 4,529 shares during the period. State of Wisconsin Investment Board owned approximately 0.13% of Boston Properties worth $26,632,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of BXP. Amica Retiree Medical Trust acquired a new position in shares of Boston Properties in the third quarter valued at approximately $105,000. NewSquare Capital LLC grew its holdings in shares of Boston Properties by 12,184.0% in the third quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 121,840 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of Boston Properties in the third quarter valued at approximately $125,000. Americafirst Capital Management LLC acquired a new position in shares of Boston Properties in the third quarter valued at approximately $169,000. Finally, Huntington National Bank grew its holdings in shares of Boston Properties by 397.1% in the fourth quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 1,219 shares in the last quarter. 95.34% of the stock is currently owned by institutional investors.
BXP has been the subject of several analyst reports. Royal Bank of Canada set a $140.00 price target on shares of Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Argus lowered their price target on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Edward Jones upgraded shares of Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Bank of America upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Thursday, February 15th. Finally, BMO Capital Markets set a $130.00 target price on shares of Boston Properties and gave the company a “hold” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $132.00.
Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.02. The company had revenue of $655.23 million during the quarter, compared to the consensus estimate of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. Boston Properties’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. research analysts anticipate that Boston Properties, Inc. will post 6.32 EPS for the current year.
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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