Boston Properties, Inc. (BXP) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in Boston Properties, Inc. (NYSE:BXP) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 571,734 shares of the real estate investment trust’s stock after selling 4,158 shares during the period. Asset Management One Co. Ltd. owned approximately 0.37% of Boston Properties worth $70,221,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BXP. American Century Companies Inc. grew its holdings in shares of Boston Properties by 44.4% in the 3rd quarter. American Century Companies Inc. now owns 1,420,314 shares of the real estate investment trust’s stock valued at $174,528,000 after buying an additional 436,901 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Boston Properties by 173.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 621,030 shares of the real estate investment trust’s stock valued at $76,326,000 after buying an additional 393,612 shares during the period. BlackRock Inc. grew its holdings in shares of Boston Properties by 2.4% in the 2nd quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock valued at $1,844,893,000 after buying an additional 346,189 shares during the period. PGGM Investments grew its holdings in shares of Boston Properties by 15.7% in the 3rd quarter. PGGM Investments now owns 2,215,458 shares of the real estate investment trust’s stock valued at $272,235,000 after buying an additional 301,163 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Boston Properties by 55.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 671,288 shares of the real estate investment trust’s stock valued at $82,489,000 after buying an additional 239,453 shares during the period. 95.58% of the stock is owned by institutional investors.

Boston Properties, Inc. (NYSE BXP) opened at $125.41 on Thursday. The firm has a market cap of $19,365.90, a price-to-earnings ratio of 20.05, a P/E/G ratio of 3.59 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44. Boston Properties, Inc. has a one year low of $116.77 and a one year high of $140.13.

Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. The firm had revenue of $657.70 million during the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 EPS. analysts predict that Boston Properties, Inc. will post 6.25 earnings per share for the current year.

In related news, insider Bryan J. Koop sold 5,868 shares of the company’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 approximately $72,861.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.17% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on BXP. SunTrust Banks reissued a “hold” rating and issued a $130.00 price target on shares of Boston Properties in a report on Monday, October 9th. Royal Bank Of Canada set a $140.00 price target on shares of Boston Properties and gave the company a “buy” rating in a report on Monday, November 27th. Evercore ISI reissued an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a report on Friday, October 6th. Argus decreased 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. Finally, Jefferies Group reissued a “hold” rating and issued a $124.00 price target on shares of Boston Properties in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Boston Properties presently has an average rating of “Hold” and an average price target of $133.73.

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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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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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