Boston Properties, Inc. (BXP) Shares Bought by American International Group Inc.

American International Group Inc. lifted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,622 shares of the real estate investment trust’s stock after purchasing an additional 3,371 shares during the quarter. American International Group Inc.’s holdings in Boston Properties were worth $7,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC acquired a new position in Boston Properties during the 3rd quarter worth about $202,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Boston Properties during the 3rd quarter worth about $209,000. Atria Investments LLC acquired a new position in Boston Properties during the 3rd quarter worth about $226,000. Piedmont Investment Advisors LLC acquired a new position in Boston Properties during the 2nd quarter worth about $227,000. Finally, MML Investors Services LLC acquired a new position in Boston Properties during the 3rd quarter worth about $235,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

BXP stock opened at $132.20 on Tuesday. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 3.43 and a beta of 0.60. Boston Properties, Inc. has a 1 year low of $111.57 and a 1 year high of $132.82.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $686.28 million for the quarter, compared to analyst estimates of $674.30 million. Boston Properties had a return on equity of 6.75% and a net margin of 20.18%. Boston Properties’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Equities analysts forecast that Boston Properties, Inc. will post 6.39 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Barclays reissued a “buy” rating and set a $134.00 target price on shares of Boston Properties in a research note on Tuesday, August 21st. SunTrust Banks increased their target price on Boston Properties to $137.00 and gave the stock a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research raised Boston Properties from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research note on Monday. DA Davidson raised Boston Properties from a “neutral” rating to a “buy” rating and increased their price target for the company from $135.00 to $145.00 in a research report on Monday, November 19th. Finally, JPMorgan Chase & Co. raised Boston Properties from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $135.85.

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Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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