Ownership Action Alert: 2016 Q2 Sentiment Boston Properties Inc (NYSE:BXP)

November 28, 2016 - By Marie Mckinney   ·   0 Comments

Ownership Action Alert:  2016 Q2 Sentiment Boston Properties Inc (NYSE:BXP)

Sentiment for Boston Properties Inc (NYSE:BXP)

Boston Properties Inc (NYSE:BXP) institutional sentiment decreased to 0.93 in Q2 2016. Its down -0.09, from 1.02 in 2016Q1. The ratio has dropped, as 190 hedge funds increased or started new equity positions, while 186 sold and reduced equity positions in Boston Properties Inc. The hedge funds in our partner’s database now hold: 143.39 million shares, down from 148.55 million shares in 2016Q1. Also, the number of hedge funds holding Boston Properties Inc in their top 10 equity positions was flat from 15 to 15 for the same number . Sold All: 33 Reduced: 153 Increased: 148 New Position: 42.

Boston Properties, Inc. is a real estate investment trust. The company has a market cap of $19.05 billion. The Firm is an owner and developer of office properties in the United States. It has a 38.53 P/E ratio. The Company’s divisions by geographic area are Boston, New York, San Francisco and Washington, DC.

About 260,922 shares traded hands. Boston Properties, Inc. (NYSE:BXP) has declined 5.39% since April 25, 2016 and is downtrending. It has underperformed by 11.41% the S&P500.

Analysts await Boston Properties, Inc. (NYSE:BXP) to report earnings on February, 1. They expect $1.49 earnings per share, up 16.41% or $0.21 from last year’s $1.28 per share. BXP’s profit will be $230.21M for 20.69 P/E if the $1.49 EPS becomes a reality. After $1.42 actual earnings per share reported by Boston Properties, Inc. for the previous quarter, Wall Street now forecasts 4.93% EPS growth.

According to Zacks Investment Research, “Boston Properties is a fully integrated, self-administered and self- managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class-A office, industrial and hotel properties. The Company is one of the largest owners and developers of Class-A office properties in the United States, concentrated in four core markets — Boston, Midtown Manhattan, Washington, DC and San Francisco.”

Green Street Investors Llc holds 9.28% of its portfolio in Boston Properties, Inc. for 86,200 shares. Apg Asset Management Us Inc. owns 6.30 million shares or 6.49% of their US portfolio. Moreover, Aew Capital Management L P has 6.08% invested in the company for 2.29 million shares. The Maryland-based Lasalle Investment Management Securities Llc has invested 5.59% in the stock. Adelante Capital Management Llc, a California-based fund reported 902,243 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 7 sales for $8.82 million net activity.

Boston Properties, Inc. (NYSE:BXP) Ratings Coverage

Ratings analysis reveals 42% of Boston Properties Inc.’s analysts are positive. Out of 19 Wall Street analysts rating Boston Properties Inc., 8 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $120 while the high is $159. The stock’s average target of $139.84 is 13.41% above today’s ($123.3) share price. BXP was included in 37 notes of analysts from July 21, 2015. The stock of Boston Properties, Inc. (NYSE:BXP) earned “Neutral” rating by BTIG Research on Thursday, August 25. The firm has “Neutral” rating given on Monday, September 21 by Mizuho. BMO Capital Markets initiated the stock with “Outperform” rating in Thursday, September 10 report. The stock of Boston Properties, Inc. (NYSE:BXP) earned “Buy” rating by Deutsche Bank on Monday, July 18. The stock of Boston Properties, Inc. (NYSE:BXP) has “Neutral” rating given on Thursday, August 11 by JP Morgan. Stifel Nicolaus downgraded Boston Properties, Inc. (NYSE:BXP) on Thursday, October 27 to “Hold” rating. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, January 19 report. BB&T Capital initiated the stock with “Buy” rating in Friday, November 13 report. Argus Research maintained Boston Properties, Inc. (NYSE:BXP) on Friday, November 27 with “Buy” rating. Suntrust Robinson maintained Boston Properties, Inc. (NYSE:BXP) rating on Thursday, May 12. Suntrust Robinson has “Neutral” rating and $134 price target.

BXP Company Profile

Boston Properties, Inc., incorporated on March 24, 1997, is a real estate investment trust. The Firm is an owner and developer of office properties in the United States. The Company’s divisions by geographic area are Boston, New York, San Francisco and Washington, DC. The Firm conducts its activities through Boston Properties Limited Partnership. The Firm holds interests in approximately 170 commercial real estate properties, aggregating over 46.5 million net rentable square feet. The Company’s properties include approximately 160 office properties, a hotel, over five retail properties and approximately four residential properties.

More news for Boston Properties, Inc. (NYSE:BXP) were recently published by: Bloomberg.com, which released: “Boston Properties Said to Enter L.A. Market With Office Deal” on May 19, 2016. Forbes.com‘s article titled: “Oversold Conditions For Boston Properties (BXP)” and published on November 08, 2016 is yet another important article.

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By Marie Mckinney


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