Boston Properties, Inc. (NYSE:BXP) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its position in Boston Properties, Inc. (NYSE:BXP - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,973 shares of the real estate investment trust's stock after selling 11,973 shares during the period. Tredje AP fonden's holdings in Boston Properties were worth $890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BXP. Harvest Fund Management Co. Ltd raised its holdings in shares of Boston Properties by 5,025.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 603 shares in the last quarter. Brooklyn Investment Group purchased a new position in Boston Properties during the third quarter valued at approximately $58,000. Sound Income Strategies LLC raised its stake in Boston Properties by 18.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust's stock worth $283,000 after buying an additional 590 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Boston Properties by 25.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust's stock worth $403,000 after buying an additional 1,112 shares during the period. Finally, E. Ohman J or Asset Management AB boosted its position in Boston Properties by 32.0% during the 4th quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust's stock valued at $491,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank lowered their price target on shares of Boston Properties from $85.00 to $83.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Wedbush downgraded Boston Properties from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th. Mizuho lowered their price objective on Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on Boston Properties from $88.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Jefferies Financial Group initiated coverage on shares of Boston Properties in a research report on Monday. They issued a "buy" rating and a $78.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $80.85.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total value of $891,535.58. Following the completion of the transaction, the executive vice president now owns 7,271 shares of the company's stock, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The disclosure for this sale can be found here. Company insiders own 1.35% of the company's stock.

Boston Properties Stock Performance

NYSE BXP traded up $0.43 on Wednesday, reaching $68.84. 1,462,706 shares of the company's stock traded hands, compared to its average volume of 1,172,692. Boston Properties, Inc. has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 688.46, a P/E/G ratio of 0.91 and a beta of 1.19. The stock has a 50 day moving average price of $70.32 and a 200-day moving average price of $76.64.

Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Equities research analysts predict that Boston Properties, Inc. will post 6.91 EPS for the current fiscal year.

Boston Properties Company Profile

Boston Properties, Inc NYSE: BXP (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.