Gulf International Bank UK Ltd Purchases 5,500 Shares of Boston Properties, Inc. (BXP)

Gulf International Bank UK Ltd raised its position in Boston Properties, Inc. (NYSE:BXP) by 11.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,952 shares of the real estate investment trust’s stock after acquiring an additional 5,500 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Boston Properties were worth $6,640,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Allianz Asset Management GmbH lifted its stake in Boston Properties by 1.4% in the first quarter. Allianz Asset Management GmbH now owns 189,557 shares of the real estate investment trust’s stock valued at $23,357,000 after purchasing an additional 2,619 shares during the last quarter. DnB Asset Management AS lifted its stake in Boston Properties by 5.6% in the second quarter. DnB Asset Management AS now owns 18,740 shares of the real estate investment trust’s stock valued at $2,350,000 after purchasing an additional 1,000 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Boston Properties by 43.0% in the second quarter. IFM Investors Pty Ltd now owns 7,311 shares of the real estate investment trust’s stock valued at $917,000 after purchasing an additional 2,198 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Boston Properties by 7.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 46,851 shares of the real estate investment trust’s stock valued at $5,876,000 after purchasing an additional 3,431 shares during the last quarter. Finally, Westpac Banking Corp lifted its stake in Boston Properties by 29.4% in the second quarter. Westpac Banking Corp now owns 316,037 shares of the real estate investment trust’s stock valued at $39,637,000 after purchasing an additional 71,756 shares during the last quarter. 94.31% of the stock is currently owned by institutional investors.

Shares of BXP stock opened at $124.26 on Friday. The company has a current ratio of 3.74, a quick ratio of 4.02 and a debt-to-equity ratio of 1.36. Boston Properties, Inc. has a 1 year low of $111.57 and a 1 year high of $132.82. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.57.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The business had revenue of $686.28 million for the quarter, compared to analysts’ expectations of $674.30 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Boston Properties, Inc. will post 6.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.58%.

Several research firms recently commented on BXP. TheStreet upgraded Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. Stifel Nicolaus upped their price objective on Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $118.00 price objective on shares of Boston Properties in a research note on Wednesday, August 1st. Barclays reiterated a “buy” rating and issued a $134.00 price objective on shares of Boston Properties in a research note on Tuesday, August 21st. Finally, SunTrust Banks upped their price objective on Boston Properties to $137.00 and gave the company a “hold” rating in a research note on Monday, August 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $134.67.

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About Boston Properties

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

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

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