Alyeska Investment Group L.P. Invests $1.44 Million in Boston Properties, Inc. (BXP)
Alyeska Investment Group L.P. bought a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,753 shares of the real estate investment trust’s stock, valued at approximately $1,444,000.
Other large investors also recently bought and sold shares of the company. Amica Retiree Medical Trust bought a new position in shares of Boston Properties during the third quarter valued at approximately $105,000. Sun Life Financial INC boosted its position in shares of Boston Properties by 10,118.2% during the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,113 shares during the period. Garner Asset Management Corp acquired a new position in shares of Boston Properties during the second quarter worth approximately $214,000. Timber Hill LLC acquired a new position in shares of Boston Properties during the third quarter worth approximately $232,000. Finally, Clinton Group Inc. acquired a new position in shares of Boston Properties during the second quarter worth approximately $236,000. 95.57% of the stock is owned by institutional investors.
BXP has been the subject of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. Mizuho reiterated a “hold” rating and set a $122.00 price objective on shares of Boston Properties in a research report on Friday, November 3rd. SunTrust Banks reiterated a “hold” rating and set a $130.00 price objective on shares of Boston Properties in a research report on Monday, October 9th. Evercore ISI reiterated an “in-line” rating and set a $133.00 price objective (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, Barclays reduced their price objective on Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $132.80.
Boston Properties (NYSE:BXP) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The firm’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 firm posted $1.42 earnings per share. equities analysts predict that Boston Properties, Inc. will post 6.25 EPS for the current fiscal year.
In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the sale, the insider now directly owns 585 shares in the company, valued at $72,861.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.17% of the company’s stock.
Boston Properties Company 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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