Mn Services Vermogensbeheer B.V. boosted its position in shares of Boston Properties, Inc. (NYSE:BXP) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,181 shares of the real estate investment trust’s stock after purchasing an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Boston Properties were worth $2,578,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC acquired a new position in Boston Properties during the fourth quarter valued at approximately $33,000. Flagship Harbor Advisors LLC grew its stake in shares of Boston Properties by 200.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Loeb Partners Corp bought a new stake in shares of Boston Properties during the fourth quarter worth $33,000. Doyle Wealth Management purchased a new position in Boston Properties during the 4th quarter valued at about $34,000. Finally, We Are One Seven LLC purchased a new position in Boston Properties during the 4th quarter valued at about $41,000. Institutional investors own 93.81% of the company’s stock.
In related news, SVP Frank D. Burt sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $133.64, for a total transaction of $267,280.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.88% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on the stock. BMO Capital Markets reissued a “hold” rating and set a $135.00 price objective on shares of Boston Properties in a report on Tuesday, January 29th. They noted that the move was a valuation call. DA Davidson upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and boosted their target price for the company from $135.00 to $145.00 in a research report on Monday, November 19th. Morgan Stanley boosted their target price on shares of Boston Properties from $118.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, December 17th. BTIG Research upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Wednesday, January 9th. Finally, SunTrust Banks cut their target price on shares of Boston Properties from $137.00 to $135.00 and set a “hold” rating for the company in a research report on Sunday, November 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $135.50.
Shares of NYSE:BXP traded down $1.75 during midday trading on Friday, reaching $133.52. 16,774 shares of the company were exchanged, compared to its average volume of 696,087. The company has a debt-to-equity ratio of 1.37, a quick ratio of 4.81 and a current ratio of 4.81. Boston Properties, Inc. has a one year low of $107.84 and a one year high of $136.22. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 3.12 and a beta of 0.93.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, January 29th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.72). The company had revenue of $651.17 million for the quarter, compared to the consensus estimate of $634.12 million. Boston Properties had a return on equity of 7.28% and a net margin of 21.45%. As a group, research analysts predict that Boston Properties, Inc. will post 6.95 earnings per share for the current year.
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Boston Properties Profile
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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