Federated Investors Inc. PA reduced its position in shares of Boston Properties, Inc. (NYSE:BXP) by 72.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,917 shares of the real estate investment trust’s stock after selling 10,225 shares during the period. Federated Investors Inc. PA’s holdings in Boston Properties were worth $493,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its stake in Boston Properties by 124.5% in the third quarter. Global X Management Co. LLC now owns 945 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 524 shares in the last quarter. Carnegie Capital Asset Management LLC acquired a new stake in Boston Properties during the third quarter valued at $202,000. Commerzbank Aktiengesellschaft FI acquired a new stake in Boston Properties during the fourth quarter valued at $206,000. Trust Co. of Vermont raised its stake in Boston Properties by 12.5% in the third quarter. Trust Co. of Vermont now owns 1,800 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 200 shares during the last quarter. Finally, Cadence Capital Management LLC raised its stake in Boston Properties by 4.1% in the fourth quarter. Cadence Capital Management LLC now owns 2,236 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.
Boston Properties, Inc. (NYSE:BXP) traded down 0.14% during mid-day trading on Friday, reaching $134.45. 278,566 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $133.61 and a 200-day moving average price of $129.05. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $144.02. The stock has a market cap of $20.68 billion, a P/E ratio of 41.24 and a beta of 0.62.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.04. The business had revenue of $636.10 million for the quarter, compared to analyst estimates of $621.13 million. Boston Properties had a return on equity of 6.63% and a net margin of 20.04%. Boston Properties’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. On average, analysts forecast that Boston Properties, Inc. will post $2.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, March 29th. This represents a $3.00 dividend on an annualized basis and a yield of 2.23%. Boston Properties’s dividend payout ratio (DPR) is currently 92.31%.
Several analysts have weighed in on BXP shares. Barclays PLC lowered their target price on shares of Boston Properties from $143.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Zacks Investment Research upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b” rating in a research report on Tuesday, January 31st. Deutsche Bank AG restated a “hold” rating and set a $132.00 price target (down previously from $152.00) on shares of Boston Properties in a research report on Monday, January 9th. Finally, BMO Capital Markets restated a “buy” rating and set a $145.00 price target on shares of Boston Properties in a research report on Thursday, March 2nd. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $140.29.
In other Boston Properties news, insider Peter D. Johnston sold 4,477 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $139.60, for a total value of $624,989.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan J. Koop sold 3,835 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $131.16, for a total value of $502,998.60. Following the completion of the sale, the insider now directly owns 6,453 shares of the company’s stock, valued at $846,375.48. The disclosure for this sale can be found here. Insiders have sold 52,523 shares of company stock worth $7,180,477 over the last quarter. 6.17% of the stock is currently owned by corporate insiders.
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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