Daiwa Securities Group Inc. Acquires 1,788,312 Shares of Boston Properties, Inc. (BXP)

Daiwa Securities Group Inc. increased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 6,461.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,815,988 shares of the real estate investment trust’s stock after buying an additional 1,788,312 shares during the period. Boston Properties comprises approximately 1.7% of Daiwa Securities Group Inc.’s portfolio, making the stock its 18th largest position. Daiwa Securities Group Inc.’s holdings in Boston Properties were worth $236,133,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BXP. Amica Retiree Medical Trust acquired a new stake in Boston Properties during the 3rd quarter worth approximately $105,000. NewSquare Capital LLC boosted its position in Boston Properties by 12,184.0% during the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 121,840 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in Boston Properties during the 3rd quarter worth approximately $125,000. Americafirst Capital Management LLC acquired a new stake in Boston Properties during the 3rd quarter worth approximately $169,000. Finally, Huntington National Bank boosted its position in Boston Properties by 397.1% during the 4th quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,219 shares during the period. Institutional investors and hedge funds own 95.87% of the company’s stock.

Boston Properties, Inc. (NYSE:BXP) opened at $112.09 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties, Inc. has a fifty-two week low of $111.87 and a fifty-two week high of $140.13. The stock has a market cap of $17,300.00, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 3.26 and a beta of 0.58.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. During the same quarter last year, the business earned $0.94 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. sell-side analysts forecast that Boston Properties, Inc. will post 6.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were issued a dividend of $0.80 per share. This is a positive change from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 2.85%. Boston Properties’s dividend payout ratio (DPR) is presently 109.22%.

Several research firms recently commented on BXP. Robert W. Baird reiterated a “hold” rating and set a $125.00 target price on shares of Boston Properties in a research report on Tuesday, January 9th. SunTrust Banks set a $127.00 target price on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday, January 22nd. Edward Jones upgraded shares of Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday. Argus lowered their price target on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Finally, KeyCorp restated a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $131.20.

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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.

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

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