Boston Properties witnesses Loss

Boston Properties witnesses Loss

Boston Properties, Inc. has been witnessing a decline. In the past week, it has witnessed the loss of 2.59% and in the last month, it dropped 5.8%. In the last 4 weeks, Boston Properties, Inc. has also not performed up to the mark.

In the last six months, there has been a change of -24.75% in the total insider ownership. But then also, the company insiders have 0.2% of Boston Properties Inc. When it comes to institutional investors, they have 97.1% of the company’s shares.

On Friday, the company witnessed an increased volatility, as the shares opened for trading at $122.52 and then they hit at $123.95, but at the end, the session ended at $123.43, witnessing a gain of 0.67%. Owing to the heightened volatility, trading volume jumped to 2,556,621 shares.

Experts said that the 52-week high of share price was found to be at 146.07. The company is a real investment trust, which is self managed and self administered. It is the developer of office properties in the United States.

Basically, the company’s properties are present in five areas, Boston, New York, Princeton, San Francisco and Washington, DC. As per a data, the company owned or had interests in 157 properties, worth approximately 44.4 million net rentable square feet. There were seven properties under construction as of December 31, 2012.

The company acquisitions involve - 100 Federal Street in Boston from an affiliate of Bank of America. On October 4, 2012, the company acquired Fountain Square.