Weiss Multi-Strategy Advisers LLC Has Decreased Its Boston Properties INC (BXP) Stake by $19.46 Million

May 17, 2018 - By Jason Grubb

Boston Properties, Inc. (NYSE:BXP) LogoInvestors sentiment decreased to 0.9 in 2017 Q4. Its down 0.19, from 1.09 in 2017Q3. It worsened, as 26 investors sold BXP shares while 147 reduced holdings. 36 funds opened positions while 120 raised stakes. 144.36 million shares or 0.24% more from 144.01 million shares in 2017Q3 were reported. Evercore Wealth Management Limited Liability reported 3,058 shares stake. Td Asset Management Incorporated has 45,674 shares for 0.01% of their portfolio. Cim Invest Mangement invested in 4,417 shares. Westpac stated it has 0.65% in Boston Properties, Inc. (NYSE:BXP). Fiduciary Tru reported 3,589 shares. Texas Permanent School Fund owns 42,127 shares. Lenox Wealth Advsr has invested 0% in Boston Properties, Inc. (NYSE:BXP). 7,982 are held by Lpl Lc. Kentucky Retirement Insurance Tru Fund stated it has 0.09% in Boston Properties, Inc. (NYSE:BXP). Ngam Advisors Lp reported 0.13% stake. Eagle Asset Management reported 0.01% in Boston Properties, Inc. (NYSE:BXP). Goldman Sachs Grp Inc holds 0.07% or 2.18 million shares. Independent Order Of Foresters, a Ontario – Canada-based fund reported 31,077 shares. Retirement Of Alabama holds 74,785 shares. Ls Advsrs Ltd Liability Corp stated it has 5,162 shares.

Since May 11, 2018, it had 0 insider purchases, and 1 sale for $1.31 million activity.

Weiss Multi-Strategy Advisers Llc decreased its stake in Boston Properties Inc (BXP) by 36.14% based on its latest 2017Q4 regulatory filing with the SEC. Weiss Multi-Strategy Advisers Llc sold 149,705 shares as the company’s stock declined 5.08% with the market. The hedge fund held 264,556 shares of the consumer services company at the end of 2017Q4, valued at $34.40 million, down from 414,261 at the end of the previous reported quarter. Weiss Multi-Strategy Advisers Llc who had been investing in Boston Properties Inc for a number of months, seems to be less bullish one the $20.07B market cap company. The stock increased 0.10% or $0.12 during the last trading session, reaching $117.24. About 738,072 shares traded or 1.13% up from the average. Boston Properties, Inc. (NYSE:BXP) has declined 7.96% since May 17, 2017 and is downtrending. It has underperformed by 19.51% the S&P500.

Weiss Multi-Strategy Advisers Llc, which manages about $7.01 billion and $3.90B US Long portfolio, upped its stake in United Parcel Services (NYSE:UPS) by 34,700 shares to 87,200 shares, valued at $10.39 million in 2017Q4, according to the filing. It also increased its holding in Marathon Oil Corp (NYSE:MRO) by 237,593 shares in the quarter, for a total of 537,593 shares, and has risen its stake in Ishares Us Home Construction (ITB).

Analysts await Boston Properties, Inc. (NYSE:BXP) to report earnings on August, 7. They expect $1.56 EPS, down 6.59 % or $0.11 from last year’s $1.67 per share. BXP’s profit will be $267.03 million for 18.79 P/E if the $1.56 EPS becomes a reality. After $1.49 actual EPS reported by Boston Properties, Inc. for the previous quarter, Wall Street now forecasts 4.70 % EPS growth.

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

Among 11 analysts covering Boston Properties (NYSE:BXP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Boston Properties had 16 analyst reports since December 4, 2017 according to SRatingsIntel. The stock has “Hold” rating by SunTrust on Monday, January 22. Jefferies maintained the shares of BXP in report on Monday, December 4 with “Hold” rating. BMO Capital Markets maintained Boston Properties, Inc. (NYSE:BXP) rating on Monday, February 12. BMO Capital Markets has “Hold” rating and $130.0 target. The firm has “Hold” rating given on Tuesday, February 27 by Jefferies. The company was maintained on Monday, February 26 by Argus Research. The rating was downgraded by BMO Capital Markets on Tuesday, January 9 to “Hold”. As per Tuesday, January 30, the company rating was maintained by Barclays Capital. As per Tuesday, January 30, the company rating was maintained by Jefferies. The firm has “Buy” rating by Edward Jones given on Monday, February 5. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, January 31 report.

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

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