Vident Investment Advisory LLC decreased its position in Boston Properties, Inc. (NYSE:BXP) by 8.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,980 shares of the real estate investment trust’s stock after selling 1,470 shares during the period. Vident Investment Advisory LLC’s holdings in Boston Properties were worth $1,354,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in BXP. Quadrant Capital Group LLC lifted its position in shares of Boston Properties by 20.2% in the fourth quarter. Quadrant Capital Group LLC now owns 697 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 117 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Boston Properties by 0.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 19,591 shares of the real estate investment trust’s stock valued at $1,807,000 after acquiring an additional 134 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Boston Properties by 4.1% in the 1st quarter. Synovus Financial Corp now owns 3,591 shares of the real estate investment trust’s stock valued at $329,000 after acquiring an additional 141 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Boston Properties by 11.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,557 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 154 shares during the last quarter. Finally, Commerce Bank boosted its position in Boston Properties by 3.2% during the first quarter. Commerce Bank now owns 5,106 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 156 shares during the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on BXP shares. SunTrust Banks upgraded Boston Properties from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. cut their price target on shares of Boston Properties from $147.00 to $118.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group lowered shares of Boston Properties from a “buy” rating to a “hold” rating and set a $94.00 price objective on the stock. in a research note on Thursday, April 16th. Mizuho cut their target price on shares of Boston Properties from $105.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, Citigroup lowered their price target on Boston Properties from $146.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $118.38.
In related news, EVP Bryan J. Koop purchased 2,000 shares of Boston Properties stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $78.00 per share, with a total value of $156,000.00. Following the completion of the transaction, the executive vice president now directly owns 2,585 shares of the company’s stock, valued at approximately $201,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce W. Duncan acquired 11,000 shares of the stock in a transaction on Monday, May 4th. The shares were bought at an average price of $89.14 per share, for a total transaction of $980,540.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 18,000 shares of company stock worth $1,513,890. 0.98% of the stock is owned by insiders.
Boston Properties stock opened at $89.09 on Friday. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 2.55 and a beta of 1.04. The company has a current ratio of 7.67, a quick ratio of 5.59 and a debt-to-equity ratio of 1.56. Boston Properties, Inc. has a 12 month low of $71.57 and a 12 month high of $147.83. The stock’s 50 day moving average is $91.26 and its 200-day moving average is $105.83.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.03). The firm had revenue of $654.10 million during the quarter, compared to the consensus estimate of $723.59 million. Boston Properties had a net margin of 35.18% and a return on equity of 12.72%. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. As a group, equities research analysts predict that Boston Properties, Inc. will post 7.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a $0.98 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $3.92 annualized dividend and a dividend yield of 4.40%. Boston Properties’s dividend payout ratio (DPR) is presently 55.92%.
About Boston Properties
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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