Wellington Management Group LLP Has $761.65 Million Stock Position in Boston Properties, Inc. (NYSE:BXP)

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Wellington Management Group LLP lifted its stake in Boston Properties, Inc. (NYSE:BXP) by 26.6% in the first quarter, HoldingsChannel reports. The firm owned 8,258,216 shares of the real estate investment trust’s stock after purchasing an additional 1,734,994 shares during the period. Wellington Management Group LLP owned 0.05% of Boston Properties worth $761,654,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BXP. First Trust Advisors LP boosted its position in Boston Properties by 15.9% during the 4th quarter. First Trust Advisors LP now owns 38,377 shares of the real estate investment trust’s stock worth $5,291,000 after acquiring an additional 5,261 shares during the period. Victory Capital Management Inc. boosted its position in Boston Properties by 40.7% during the 4th quarter. Victory Capital Management Inc. now owns 86,603 shares of the real estate investment trust’s stock worth $12,415,000 after acquiring an additional 25,033 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Boston Properties by 10.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 60,454 shares of the real estate investment trust’s stock worth $8,260,000 after acquiring an additional 5,810 shares during the period. Rhumbline Advisers boosted its position in Boston Properties by 3.1% during the 4th quarter. Rhumbline Advisers now owns 263,845 shares of the real estate investment trust’s stock worth $36,374,000 after acquiring an additional 7,835 shares during the period. Finally, American International Group Inc. boosted its position in Boston Properties by 1.2% during the 4th quarter. American International Group Inc. now owns 49,297 shares of the real estate investment trust’s stock worth $6,796,000 after acquiring an additional 602 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

In other news, Director Bruce W. Duncan acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $75.47 per share, with a total value of $377,350.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bruce W. Duncan acquired 11,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were purchased at an average cost of $89.14 per share, for a total transaction of $980,540.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 18,000 shares of company stock worth $1,513,890. Company insiders own 0.98% of the company’s stock.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Boston Properties from $147.00 to $118.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Morgan Stanley cut their price target on Boston Properties from $130.00 to $91.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Deutsche Bank cut their price target on Boston Properties from $158.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. TheStreet downgraded Boston Properties from a “b-” rating to a “c+” rating in a research note on Wednesday, March 25th. Finally, Stifel Nicolaus cut their price target on Boston Properties from $145.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, April 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $123.92.

Shares of BXP stock traded down $5.32 during trading on Thursday, reaching $94.83. The company had a trading volume of 82,450 shares, compared to its average volume of 1,372,208. The firm’s 50 day simple moving average is $87.29 and its two-hundred day simple moving average is $117.45. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.59 and a quick ratio of 5.59. Boston Properties, Inc. has a one year low of $71.57 and a one year high of $147.83. The company has a market capitalization of $15.72 billion, a PE ratio of 17.06, a PEG ratio of 2.88 and a beta of 1.05.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $3.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $2.39. The company had revenue of $752.60 million for the quarter, compared to the consensus estimate of $761.83 million. Boston Properties had a return on equity of 11.64% and a net margin of 30.83%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. Analysts forecast that Boston Properties, Inc. will post 7.21 earnings per share for the current year.

Boston Properties 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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