Boston Properties, Inc. (BXP) Shares Bought by Riverhead Capital Management LLC

Riverhead Capital Management LLC increased its stake in Boston Properties, Inc. (NYSE:BXP) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,106 shares of the real estate investment trust’s stock after purchasing an additional 288 shares during the quarter. Riverhead Capital Management LLC’s holdings in Boston Properties were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Nova Scotia increased its stake in Boston Properties by 917.9% in the 1st quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock worth $4,651,000 after purchasing an additional 31,676 shares in the last quarter. Vanguard Group Inc. increased its stake in Boston Properties by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after purchasing an additional 398,674 shares in the last quarter. Credit Suisse AG increased its stake in Boston Properties by 7.4% in the 1st quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock worth $92,519,000 after purchasing an additional 48,354 shares in the last quarter. Eii Capital Management Inc. increased its stake in Boston Properties by 59.7% in the 2nd quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock worth $3,814,000 after purchasing an additional 11,590 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Boston Properties by 2.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 15,146 shares of the real estate investment trust’s stock worth $2,008,000 after purchasing an additional 400 shares in the last quarter. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages recently weighed in on BXP. Royal Bank Of Canada cut Boston Properties from a “top pick” rating to an “outperform” rating and dropped their price target for the stock from $150.00 to $140.00 in a research note on Thursday, August 17th. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 price target on shares of Boston Properties in a research note on Friday, July 14th. BidaskClub cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $127.00 price objective on shares of Boston Properties in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $134.55.

Boston Properties, Inc. (BXP) opened at 119.64 on Wednesday. Boston Properties, Inc. has a 12 month low of $113.69 and a 12 month high of $140.26. The firm has a 50-day moving average price of $121.20 and a 200 day moving average price of $125.10. The company has a market capitalization of $18.46 billion, a P/E ratio of 40.56 and a beta of 0.64.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The company had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. During the same period last year, the firm posted $1.44 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Analysts expect that Boston Properties, Inc. will post $2.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.51%. Boston Properties’s dividend payout ratio (DPR) is currently 102.04%.

Boston Properties 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.

Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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