Fieldpoint Private Securities LLC bought a new position in Boston Properties, Inc. (NYSE:BXP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,015 shares of the real estate investment trust’s stock, valued at approximately $125,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amica Retiree Medical Trust acquired a new position in shares of Boston Properties during the 3rd quarter worth about $105,000. Sun Life Financial INC boosted its stake in shares of Boston Properties by 10,118.2% during the 2nd 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 last quarter. Garner Asset Management Corp acquired a new position in shares of Boston Properties during the 2nd quarter worth about $214,000. Zions Bancorporation boosted its stake in shares of Boston Properties by 46.3% during the 3rd quarter. Zions Bancorporation now owns 1,852 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 586 shares during the last quarter. Finally, Timber Hill LLC acquired a new position in shares of Boston Properties during the 3rd quarter worth about $232,000. 95.57% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 585 shares in the company, valued at approximately $72,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.17% of the company’s stock.

BXP has been the subject of a number of recent research reports. Royal Bank of Canada set a $140.00 price objective on shares of Boston Properties and gave the stock a “buy” rating in a research note on Monday, November 27th. Argus reduced their price objective on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. KeyCorp restated a “hold” rating on shares of Boston Properties in a research note on Wednesday, October 4th. Mizuho restated a “hold” rating and set a $122.00 price objective on shares of Boston Properties in a research note on Friday, November 3rd. Finally, Jefferies Group restated a “hold” rating and set a $124.00 price objective on shares of Boston Properties in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $132.80.

Shares of Boston Properties, Inc. (BXP) opened at $129.41 on Friday. Boston Properties, Inc. has a one year low of $116.77 and a one year high of $140.13. The stock has a market cap of $19,554.18, a PE ratio of 20.24, a P/E/G ratio of 3.62 and a beta of 0.63. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92.

Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The business had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. During the same period last year, the business posted $1.42 EPS. Boston Properties’s revenue was up 5.2% on a year-over-year basis. equities analysts predict that Boston Properties, Inc. will post 6.25 earnings per share for the current fiscal year.

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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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