Boston Properties (NYSE:BXP) Holdings Increased by Westpac Banking Corp

Westpac Banking Corp grew its position in Boston Properties (NYSE:BXP) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,281 shares of the real estate investment trust’s stock after acquiring an additional 25,973 shares during the quarter. Boston Properties comprises approximately 0.6% of Westpac Banking Corp’s portfolio, making the stock its 27th biggest position. Westpac Banking Corp owned approximately 0.16% of Boston Properties worth $30,100,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BXP. Huntington National Bank increased its position in shares of Boston Properties by 397.1% in the fourth quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,219 shares in the last quarter. Advisor Partners LLC lifted its stake in shares of Boston Properties by 22.3% in the 4th quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 429 shares in the last quarter. American Trust Investment Advisors LLC lifted its stake in shares of Boston Properties by 69.0% in the 4th quarter. American Trust Investment Advisors LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $500,000 after purchasing an additional 1,570 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Boston Properties by 37.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $501,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Boston Properties by 16.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,264 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 607 shares in the last quarter. 95.34% of the stock is owned by institutional investors and hedge funds.

In related news, insider Bryan J. Koop sold 10,560 shares of Boston Properties stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $124.27, for a total value of $1,312,291.20. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.88% of the stock is currently owned by insiders.

A number of research analysts recently commented on BXP shares. Jefferies Group restated a “hold” rating on shares of Boston Properties in a research note on Tuesday, February 27th. JPMorgan Chase reaffirmed a “neutral” rating and set a $133.00 target price (down from $136.00) on shares of Boston Properties in a report on Tuesday, March 13th. BMO Capital Markets reissued a “hold” rating and set a $134.00 price target on shares of Boston Properties in a research report on Thursday, February 1st. Bank of America raised Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Thursday, February 15th. Finally, Barclays decreased their price target on Boston Properties from $135.00 to $131.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $131.54.

Boston Properties opened at $117.24 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.14 and a current ratio of 3.14. The firm has a market capitalization of $18.08 billion, a PE ratio of 18.83, a P/E/G ratio of 3.15 and a beta of 0.57. Boston Properties has a 12-month low of $117.23 and a 12-month high of $119.71.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.50. The firm had revenue of $661.20 million for the quarter, compared to analyst estimates of $648.23 million. Boston Properties had a return on equity of 6.81% and a net margin of 20.48%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. analysts forecast that Boston Properties will post 6.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Thursday, March 29th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Wednesday, March 28th.

Boston Properties Company Profile

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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

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