Public Sector Pension Investment Board Lowered Pvh (PVH) Stake by $649,300; Stock Value Rose; Cohen & Steers Has Lifted Stake in Boston Properties (BXP) by $159.86 Million as Share Value Declined

August 12, 2018 - By Pearl Odom

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Cohen & Steers Inc increased its stake in Boston Properties Inc. (BXP) by 23.72% based on its latest 2018Q1 regulatory filing with the SEC. Cohen & Steers Inc bought 1.30 million shares as the company’s stock declined 1.52% with the market. The institutional investor held 6.78M shares of the consumer services company at the end of 2018Q1, valued at $835.43M, up from 5.48M at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Boston Properties Inc. for a number of months, seems to be bullish on the $22.08 billion market cap company. The stock decreased 0.29% or $0.37 during the last trading session, reaching $128.94. About 875,178 shares traded or 23.29% up from the average. Boston Properties, Inc. (NYSE:BXP) has declined 1.98% since August 12, 2017 and is downtrending. It has underperformed by 14.55% the S&P500. Some Historical BXP News: 24/04/2018 – BOSTON PROPERTIES 1Q REV. $661.2M, EST. $648.0M; 24/04/2018 – Boston Properties to Pay $616 Million for Santa Monica Offices; 24/04/2018 – BOSTON PROPERTIES INC BXP.N – PROJECTED EPS (DILUTED) FOR 2018 OF $3.28 – $3.37 PER SHARE; 24/04/2018 – BOSTON PROPERTIES INC BXP.N FY2018 FFO SHR VIEW $6.32 — THOMSON REUTERS l/B/E/S; 24/04/2018 – BOSTON PROPERTIES INC BXP.N SEES FY 2018 FFO SHR $6.27 TO $6.36; 24/04/2018 – Boston Properties 1Q Rev $661.2M; 24/04/2018 – Boston Properties Sees 2Q FFO $1.53/Shr-FFO $1.55/Shr; 24/04/2018 – Real Deal LA: Boston Properties pays $616M for Santa Monica Business Park; 24/04/2018 – Boston Properties Sees 2Q EPS 65c-EPS 67c; 25/04/2018 – OWEN THOMAS, BOSTON PROPERTIES CEO, SPEAKS ON CONFERENCE CALL

Public Sector Pension Investment Board decreased its stake in Pvh Corp (PVH) by 50.33% based on its latest 2018Q1 regulatory filing with the SEC. Public Sector Pension Investment Board sold 4,300 shares as the company’s stock rose 5.52% while stock markets declined. The institutional investor held 4,244 shares of the apparel company at the end of 2018Q1, valued at $643,000, down from 8,544 at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Pvh Corp for a number of months, seems to be less bullish one the $11.85 billion market cap company. The stock decreased 1.56% or $2.44 during the last trading session, reaching $153.74. About 789,779 shares traded. PVH Corp. (NYSE:PVH) has risen 47.52% since August 12, 2017 and is uptrending. It has outperformed by 34.95% the S&P500. Some Historical PVH News: 30/05/2018 – Calvin Klein owner PVH tops first-quarter sales estimates; 31/05/2018 – PVH – PLEASED WITH PERFORMANCE OF HERITAGE BUSINESS, PARTICULARLY GIVEN CHALLENGES DEPARTMENT STORE LANDSCAPE HAS FACED, INCLUDING BON-TON BANKRUPTCY; 28/03/2018 – PVH Corp Sees 1Q Adj EPS $2.20-Adj EPS $2.25; 30/05/2018 – PVH CORP – REVENUE IN CALVIN KLEIN BUSINESS FOR QUARTER INCREASED 18% TO $890 MLN; 29/03/2018 – PVH Closes Above 50-Day Moving Average: Technicals; 30/05/2018 – PVH CORP – REVENUE FOR CALVIN KLEIN BUSINESS IS PROJECTED TO INCREASE APPROXIMATELY 8% IN 2018; 30/05/2018 – PVH 1Q REV. $2.31B, EST. $2.28B; 28/03/2018 – Cramer also sits down with the CEOs of UnitedHealth, PVH and Norwegian Cruise Line Holdings; 28/03/2018 – International Sales of Calvin Klein, Tommy Hilfiger Hand PVH Earnings Beat; 19/04/2018 – DJ PVH Corp, Inst Holders, 1Q 2018 (PVH)

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.06, from 0.9 in 2017Q4. It dropped, as 26 investors sold BXP shares while 159 reduced holdings. 42 funds opened positions while 113 raised stakes. 140.92 million shares or 2.38% less from 144.36 million shares in 2017Q4 were reported. Pggm Invs reported 2.21% stake. Eqis Mngmt holds 0.05% or 7,595 shares. 206 are held by Stratos Wealth Prtnrs Limited. New England Private Wealth Advsr Ltd Liability, a Massachusetts-based fund reported 3,230 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, a Germany-based fund reported 113,800 shares. 87 are owned by Sun Life. Independent Order Of Foresters has 31,077 shares. Westwood Mgmt Il invested in 6,600 shares. British Columbia Inv invested 0.11% in Boston Properties, Inc. (NYSE:BXP). Comml Bank Of New York Mellon accumulated 1.58M shares or 0.05% of the stock. Raymond James Assocs owns 78,283 shares. Teachers Annuity Association Of America owns 201,842 shares or 2.01% of their US portfolio. 5,946 are owned by Caisse De Depot Et Placement Du Quebec. Ent Service Corporation owns 36 shares. Moreover, Voya Inv Ltd Llc has 0.02% invested in Boston Properties, Inc. (NYSE:BXP).

Among 23 analysts covering Boston Properties Inc. (NYSE:BXP), 8 have Buy rating, 0 Sell and 15 Hold. Therefore 35% are positive. Boston Properties Inc. had 79 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, August 22 the stock rating was downgraded by Evercore to “Hold”. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, January 31 report. BMO Capital Markets initiated the shares of BXP in report on Thursday, September 10 with “Outperform” rating. The firm earned “Neutral” rating on Monday, September 21 by Mizuho. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 27 report. Jefferies maintained Boston Properties, Inc. (NYSE:BXP) rating on Monday, September 18. Jefferies has “Hold” rating and $121.0 target. The stock has “Neutral” rating by Citigroup on Friday, December 9. The firm has “Hold” rating by Jefferies given on Tuesday, January 30. The stock of Boston Properties, Inc. (NYSE:BXP) earned “Hold” rating by Jefferies on Monday, December 4. Stifel Nicolaus maintained it with “Buy” rating and $130 target in Friday, February 5 report.

Cohen & Steers Inc, which manages about $32.69B US Long portfolio, decreased its stake in The Tjx Companies Inc. (NYSE:TJX) by 89,184 shares to 88,988 shares, valued at $7.26M in 2018Q1, according to the filing. It also reduced its holding in Camden Property Trust (NYSE:CPT) by 1.93M shares in the quarter, leaving it with 191,092 shares, and cut its stake in Gaming And Leisure Prop (NASDAQ:GLPI).

More notable recent Boston Properties, Inc. (NYSE:BXP) news were published by: Seekingalpha.com which released: “Boston Properties, Canada Pension complete $627.5M Santa Monica deal” on July 23, 2018, also Bizjournals.com with their article: “Verizon tops Amazon with Boston’s largest office lease of 2018 so far” published on July 31, 2018, Investorplace.com published: “3 Unloved High-Yielders That Will Rise With Rates (and Pay Up to 7% in Cash!)” on August 08, 2018. More interesting news about Boston Properties, Inc. (NYSE:BXP) were released by: Bizjournals.com and their article: “Fairfax County ‘back to the drawing board’ with Reston Town Center North” published on August 10, 2018 as well as Nasdaq.com‘s news article titled: “New Research Coverage Highlights Electronic Arts, Agree Realty, Dana, Southwest Airlines, Boston Properties, and …” with publication date: August 06, 2018.

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

Analysts await PVH Corp. (NYSE:PVH) to report earnings on August, 22. They expect $2.10 EPS, up 24.26% or $0.41 from last year’s $1.69 per share. PVH’s profit will be $161.88M for 18.30 P/E if the $2.10 EPS becomes a reality. After $2.36 actual EPS reported by PVH Corp. for the previous quarter, Wall Street now forecasts -11.02% negative EPS growth.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.12, from 1.02 in 2017Q4. It worsened, as 26 investors sold PVH shares while 182 reduced holdings. 53 funds opened positions while 135 raised stakes. 70.18 million shares or 1.71% less from 71.40 million shares in 2017Q4 were reported. Regentatlantic Cap Ltd Liability Corp accumulated 31,861 shares. Campbell & Co Adviser Ltd Liability accumulated 1,548 shares. Alpine Woods Invsts Limited Liability Corp has 0.02% invested in PVH Corp. (NYSE:PVH). San Francisco Sentry Inv Grp Incorporated (Ca) reported 0.01% in PVH Corp. (NYSE:PVH). Systematic Management Lp invested 0.54% of its portfolio in PVH Corp. (NYSE:PVH). Cleararc Capital stated it has 0.04% in PVH Corp. (NYSE:PVH). Moreover, Etrade Capital Mngmt Ltd has 0.03% invested in PVH Corp. (NYSE:PVH). Pggm Investments accumulated 162,900 shares or 0.14% of the stock. Moreover, Ftb Inc has 0% invested in PVH Corp. (NYSE:PVH). Qs Limited Liability Corporation reported 0.11% in PVH Corp. (NYSE:PVH). Point72 Asia (Hong Kong) Ltd accumulated 3,801 shares. Fdx Advsrs invested 0.07% of its portfolio in PVH Corp. (NYSE:PVH). Strs Ohio invested in 0.01% or 15,112 shares. Mason Street Advisors Limited Liability holds 0.04% of its portfolio in PVH Corp. (NYSE:PVH) for 10,716 shares. Moreover, Artemis Investment Management Limited Liability Partnership has 0.09% invested in PVH Corp. (NYSE:PVH) for 38,100 shares.

More news for PVH Corp. (NYSE:PVH) were recently published by: Businesswire.com, which released: “for Van Heusen Flex Collection — Marketing Campaign Launches with Commercial Featuring TJ Dillashaw and …” on July 31, 2018. Streetinsider.com‘s article titled: “Third Point’s 13F Shows New Stake in Camping World (CWH), NXP Semi (NXPI), Increase in Microsoft (MSFT) (more…)” and published on August 10, 2018 is yet another important article.

Among 23 analysts covering PVH Corp (NYSE:PVH), 17 have Buy rating, 1 Sell and 5 Hold. Therefore 74% are positive. PVH Corp had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, August 28 by Buckingham Research. Telsey Advisory Group maintained PVH Corp. (NYSE:PVH) on Thursday, November 30 with “Outperform” rating. The rating was maintained by Citigroup with “Buy” on Thursday, May 31. The stock of PVH Corp. (NYSE:PVH) earned “Overweight” rating by JP Morgan on Thursday, May 25. The firm earned “Buy” rating on Friday, December 22 by B. Riley & Co. The company was maintained on Tuesday, August 16 by Deutsche Bank. The stock of PVH Corp. (NYSE:PVH) earned “Neutral” rating by Citigroup on Friday, August 26. As per Thursday, December 14, the company rating was maintained by Guggenheim. The stock of PVH Corp. (NYSE:PVH) earned “Overweight” rating by Barclays Capital on Thursday, January 25. On Friday, May 25 the stock rating was maintained by Deutsche Bank with “Buy”.

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

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