BT Investment Management Ltd lessened its stake in Boston Properties, Inc. (NYSE:BXP) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,238 shares of the real estate investment trust’s stock after selling 2,700 shares during the period. BT Investment Management Ltd’s holdings in Boston Properties were worth $8,873,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust purchased a new stake in Boston Properties in the 3rd quarter worth approximately $105,000. Fieldpoint Private Securities LLC purchased a new stake in Boston Properties in the 3rd quarter worth approximately $125,000. Americafirst Capital Management LLC purchased a new stake in Boston Properties in the 3rd quarter worth approximately $169,000. Huntington National Bank boosted its position in Boston Properties by 397.1% in the 4th quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 1,219 shares in the last quarter. Finally, Zions Bancorporation boosted its position in Boston Properties by 46.3% in the 3rd quarter. Zions Bancorporation now owns 1,852 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 586 shares in the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.
Boston Properties, Inc. (NYSE BXP) opened at $112.09 on Friday. Boston Properties, Inc. has a 52-week low of $111.87 and a 52-week high of $140.13. The stock has a market capitalization of $17,796.79, a P/E ratio of 38.26, a PEG ratio of 3.26 and a beta of 0.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.43.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were paid a $0.80 dividend. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.85%. The ex-dividend date was Thursday, December 28th. Boston Properties’s dividend payout ratio is currently 109.22%.
A number of brokerages have recently issued reports on BXP. BMO Capital Markets reiterated a “hold” rating and set a $134.00 target price on shares of Boston Properties in a research report on Thursday, February 1st. Robert W. Baird reiterated a “hold” rating and set a $134.00 target price on shares of Boston Properties in a research report on Wednesday, January 31st. SunTrust Banks set a $127.00 target price on Boston Properties and gave the company a “hold” rating in a research report on Monday, January 22nd. Edward Jones upgraded Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Barclays decreased their target price on Boston Properties from $135.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Boston Properties presently has a consensus rating of “Hold” and a consensus price target of $131.20.
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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.
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