Pensionfund Sabic continued to hold its stake in Boston Properties, Inc. (NYSE:BXP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,814 shares of the real estate investment trust’s stock at the end of the first quarter. Pensionfund Sabic’s holdings in Boston Properties were worth $770,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of BXP. Standard Life Investments LTD raised its stake in shares of Boston Properties by 872.2% in the third quarter. Standard Life Investments LTD now owns 1,022,078 shares of the real estate investment trust’s stock valued at $139,294,000 after buying an additional 916,944 shares during the period. Trust Co. of Vermont raised its stake in shares of Boston Properties by 12.5% in the third quarter. Trust Co. of Vermont now owns 1,800 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 200 shares during the period. Blue Fin Capital Inc. raised its stake in shares of Boston Properties by 19.3% in the third quarter. Blue Fin Capital Inc. now owns 6,205 shares of the real estate investment trust’s stock valued at $846,000 after buying an additional 1,005 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Boston Properties during the third quarter valued at $366,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Boston Properties by 1.6% in the third quarter. State of Alaska Department of Revenue now owns 66,590 shares of the real estate investment trust’s stock valued at $9,075,000 after buying an additional 1,050 shares during the period. Institutional investors own 94.57% of the company’s stock.
Shares of Boston Properties, Inc. (NYSE:BXP) traded down 0.19% on Friday, reaching $134.38. 79,648 shares of the company traded hands. The company has a market capitalization of $20.67 billion, a PE ratio of 41.22 and a beta of 0.62. Boston Properties, Inc. has a one year low of $113.69 and a one year high of $144.02. The firm has a 50-day moving average price of $133.61 and a 200 day moving average price of $129.05.
Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.04. The firm earned $636.10 million during the quarter, compared to analyst estimates of $621.13 million. Boston Properties had a return on equity of 6.63% and a net margin of 20.04%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Equities analysts forecast that Boston Properties, Inc. will post $2.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Wednesday, March 29th. Boston Properties’s dividend payout ratio (DPR) is presently 92.31%.
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BXP has been the topic of several recent research reports. Barclays PLC decreased their target price on shares of Boston Properties from $143.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Zacks Investment Research raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. TheStreet raised shares of Boston Properties from a “c+” rating to a “b” rating in a research note on Tuesday, January 31st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $132.00 target price (down previously from $152.00) on shares of Boston Properties in a research note on Monday, January 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $145.00 target price on shares of Boston Properties in a research note on Thursday, March 2nd. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Boston Properties currently has an average rating of “Hold” and an average price target of $140.29.
In related news, EVP Raymond A. Ritchey sold 35,000 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $137.34, for a total value of $4,806,900.00. Following the completion of the sale, the executive vice president now owns 16,696 shares of the company’s stock, valued at $2,293,028.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert E. Pester sold 6,688 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $134.33, for a total value of $898,399.04. Following the completion of the sale, the insider now directly owns 43,847 shares of the company’s stock, valued at approximately $5,889,967.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,523 shares of company stock valued at $7,180,477. Insiders own 6.17% of the company’s stock.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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