Teachers Retirement System of The State of Kentucky cut its stake in Boston Properties, Inc. (NYSE:BXP) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,900 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Boston Properties were worth $2,370,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in BXP. Jane Street Group LLC purchased a new stake in Boston Properties during the first quarter valued at about $200,000. Ladenburg Thalmann Financial Services Inc. increased its position in Boston Properties by 1.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,550 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 15 shares during the last quarter. Atria Investments LLC acquired a new position in Boston Properties during the first quarter valued at $224,000. Raymond James Trust N.A. acquired a new position in Boston Properties during the first quarter valued at $232,000. Finally, Advisor Partners LLC increased its position in Boston Properties by 12.9% in the first quarter. Advisor Partners LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 252 shares during the last quarter. 94.46% of the stock is owned by institutional investors.
Boston Properties, Inc. (BXP) traded up 0.92% during midday trading on Friday, hitting $122.33. The company had a trading volume of 701,270 shares. The firm has a 50-day moving average price of $122.62 and a 200-day moving average price of $128.21. Boston Properties, Inc. has a 12 month low of $113.69 and a 12 month high of $144.02. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 45.14 and a beta of 0.65.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, April 25th. The real estate investment trust reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by $0.02. The firm had revenue of $632.23 million during the quarter, compared to analyst estimates of $637.34 million. Boston Properties had a return on equity of 5.54% and a net margin of 16.94%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.18 earnings per share. Equities analysts anticipate that Boston Properties, Inc. will post $2.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.45%. Boston Properties’s dividend payout ratio is currently 111.11%.
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A number of research analysts have recently commented on BXP shares. BidaskClub upgraded Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Evercore ISI reiterated an “in-line” rating and set a $133.00 target price (down from $138.00) on shares of Boston Properties in a research report on Friday, April 28th. Barclays PLC increased their price target on Boston Properties from $139.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $127.00 price target on shares of Boston Properties in a report on Thursday, June 22nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $121.00 price target on shares of Boston Properties in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $137.92.
Boston Properties Company Profile
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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