Asset Management One Co. Ltd. reduced its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,734 shares of the real estate investment trust’s stock after selling 4,158 shares during the period. Asset Management One Co. Ltd. owned 0.37% of Boston Properties worth $70,221,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Amica Retiree Medical Trust bought a new stake in Boston Properties in the 3rd quarter worth approximately $105,000. Harbour Capital Advisors LLC increased its stake in Boston Properties by 12,201.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 13,422 shares during the last quarter. NewSquare Capital LLC increased its stake in Boston Properties by 12,184.0% in the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 121,840 shares during the last quarter. Sun Life Financial INC increased its stake in Boston Properties by 10,118.2% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Garner Asset Management Corp bought a new position in shares of Boston Properties during the 2nd quarter valued at approximately $214,000. 95.22% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Jefferies Group reissued a “hold” rating and set a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Argus dropped their price objective on Boston Properties to $140.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Royal Bank of Canada set a $140.00 target price on Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $130.00 target price on shares of Boston Properties in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $132.80.
Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. The firm had revenue of $657.70 million for the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. Boston Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. equities analysts expect that Boston Properties, Inc. will post 6.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.20 dividend on an annualized basis and a yield of 2.46%. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. Boston Properties’s dividend payout ratio is currently 100.00%.
In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the transaction, the insider now owns 585 shares in the company, valued at $72,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.17% of the company’s stock.
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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