BNP Paribas Arbitrage SA Acquires 29,167 Shares of Boston Properties, Inc. (BXP)

BNP Paribas Arbitrage SA grew its holdings in Boston Properties, Inc. (NYSE:BXP) by 25.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,946 shares of the real estate investment trust’s stock after buying an additional 29,167 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.09% of Boston Properties worth $17,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Motco grew its stake in shares of Boston Properties by 0.9% in the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 34 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Boston Properties by 1.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 61 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Boston Properties by 6.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 127 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Boston Properties by 7.3% in the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 137 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Boston Properties by 1.9% in the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after buying an additional 140 shares in the last quarter. 94.75% of the stock is owned by institutional investors and hedge funds.

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In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the sale, the insider now directly owns 585 shares of the company’s stock, valued at approximately $72,861.75. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by insiders.

BXP has been the subject of a number of recent research reports. BidaskClub raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Barclays PLC dropped their price objective on shares of Boston Properties from $141.00 to $137.00 and set an “overweight” rating for the company in a research note on Tuesday, July 18th. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada cut shares of Boston Properties from a “top pick” rating to an “outperform” rating and dropped their price objective for the stock from $150.00 to $140.00 in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Boston Properties has a consensus rating of “Hold” and a consensus target price of $133.36.

Boston Properties, Inc. (NYSE:BXP) traded down $0.16 during trading on Monday, reaching $125.85. 566,800 shares of the company’s stock traded hands, compared to its average volume of 684,661. The stock has a market cap of $19,421.46, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.44. Boston Properties, Inc. has a 12 month low of $116.77 and a 12 month high of $140.13.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.03. The company had revenue of $657.70 million during the quarter, compared to analysts’ expectations of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. research analysts predict that Boston Properties, Inc. will post 6.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a $0.75 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.00 annualized dividend and a yield of 2.38%. Boston Properties’s dividend payout ratio (DPR) is 93.75%.

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.

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

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