Seeyond Lowers Position in Boston Properties, Inc. (NYSE:BXP)

Seeyond cut its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,553 shares of the real estate investment trust’s stock after selling 531 shares during the period. Seeyond’s holdings in Boston Properties were worth $1,361,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Boston Properties by 1.0% during the first quarter. BlackRock Inc. now owns 16,286,406 shares of the real estate investment trust’s stock valued at $2,180,423,000 after purchasing an additional 165,724 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Boston Properties by 77.5% in the first quarter. Principal Financial Group Inc. now owns 3,058,174 shares of the real estate investment trust’s stock valued at $409,428,000 after acquiring an additional 1,335,446 shares in the last quarter. Northern Trust Corp increased its position in shares of Boston Properties by 1.7% during the second quarter. Northern Trust Corp now owns 2,648,190 shares of the real estate investment trust’s stock valued at $341,616,000 after acquiring an additional 45,390 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Boston Properties by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 2,437,060 shares of the real estate investment trust’s stock valued at $273,894,000 after acquiring an additional 186,025 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Boston Properties by 4.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,954,141 shares of the real estate investment trust’s stock worth $252,085,000 after acquiring an additional 90,867 shares during the period. Institutional investors and hedge funds own 90.58% of the company’s stock.

Shares of BXP traded up $0.59 during mid-day trading on Wednesday, hitting $131.50. The stock had a trading volume of 26,117 shares, compared to its average volume of 529,299. Boston Properties, Inc. has a 52 week low of $107.84 and a 52 week high of $140.35. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.58 and a quick ratio of 4.58. The business has a fifty day moving average price of $128.95 and a 200-day moving average price of $132.37. The firm has a market cap of $20.16 billion, a P/E ratio of 20.82, a PEG ratio of 3.00 and a beta of 0.88.



Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.68). Boston Properties had a return on equity of 6.80% and a net margin of 18.96%. The firm had revenue of $733.74 million for the quarter, compared to the consensus estimate of $725.14 million. During the same quarter in the previous year, the company posted $0.83 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts expect that Boston Properties, Inc. will post 7.03 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. Morgan Stanley upgraded Boston Properties from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $123.00 to $126.00 in a research note on Tuesday. They noted that the move was a valuation call. Robert W. Baird set a $152.00 target price on Boston Properties and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Citigroup lowered their target price on Boston Properties from $142.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $138.04.

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

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