Boston Properties Inc (NYSE:BXP) Shifting Institutional Investors Sentiment

April 26, 2018 - By wolcottdaily

Boston Properties, Inc. (NYSE:BXP) Logo

Sentiment for Boston Properties Inc (NYSE:BXP)

Boston Properties Inc (NYSE:BXP) institutional sentiment decreased to 0.9 in Q4 2017. Its down -0.19, from 1.09 in 2017Q3. The ratio dropped, as 156 hedge funds started new or increased holdings, while 173 decreased and sold their holdings in Boston Properties Inc. The hedge funds in our partner’s database now have: 144.36 million shares, up from 144.01 million shares in 2017Q3. Also, the number of hedge funds holding Boston Properties Inc in their top 10 holdings increased from 6 to 7 for an increase of 1. Sold All: 26 Reduced: 147 Increased: 120 New Position: 36.

Boston Properties, Inc., a real estate investment trust , together with its subsidiaries, engages in the ownership and development of office properties. The company has market cap of $20.61 billion. The Company’s properties are located in Boston, Massachusetts; Washington, D.C.; midtown Manhattan, New York; San Francisco, California; and Princeton, New Jersey. It has a 41.1 P/E ratio. As of December 31, 2008, the firm owned interests in 147 properties, totaling approximately 49.8 million net rentable square feet and structured parking for vehicles containing approximately 11.2 million square feet.

The stock increased 1.77% or $2.09 during the last trading session, reaching $120.41. About 634,233 shares traded. Boston Properties, Inc. (NYSE:BXP) has declined 7.96% since April 26, 2017 and is downtrending. It has underperformed by 19.51% the S&P500.

Apg Asset Management Us Inc. holds 7.01% of its portfolio in Boston Properties, Inc. for 6.58 million shares. Aew Capital Management L P owns 1.73 million shares or 5.84% of their US portfolio. Moreover, Lasalle Investment Management Securities Llc has 5.26% invested in the company for 2.45 million shares. The Ontario – Canada-based Independent Order Of Foresters has invested 3.58% in the stock. Resolution Capital Ltd, a Australia-based fund reported 505,898 shares.

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

Ratings analysis reveals 45% of Boston Properties’s analysts are positive. Out of 11 Wall Street analysts rating Boston Properties, 5 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $11900 while the high is $145.0. The stock’s average target of $132.13 is 9.73% above today’s ($120.41) share price. BXP was included in 17 notes of analysts from November 3, 2017. As per Tuesday, January 30, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Friday, November 3 by KeyBanc Capital Markets. Jefferies maintained the shares of BXP in report on Monday, December 4 with “Hold” rating. On Monday, January 22 the stock rating was maintained by SunTrust with “Hold”. The stock has “Hold” rating by Robert W. Baird on Monday, January 8. The stock of Boston Properties, Inc. (NYSE:BXP) earned “Overweight” rating by Barclays Capital on Tuesday, January 30. JP Morgan maintained Boston Properties, Inc. (NYSE:BXP) on Tuesday, March 13 with “Neutral” rating. As per Monday, March 5, the company rating was upgraded by Evercore. Bank of America upgraded Boston Properties, Inc. (NYSE:BXP) rating on Thursday, February 15. Bank of America has “Buy” rating and $145.0 target. The stock has “Hold” rating by BMO Capital Markets on Tuesday, January 9.

Boston Properties, Inc. (NYSE:BXP) Institutional Positions Chart

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