Public Employees Retirement Association of Colorado Has $3.64 Million Stake in Boston Properties, Inc. (NYSE:BXP)
Public Employees Retirement Association of Colorado decreased its position in Boston Properties, Inc. (NYSE:BXP) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,592 shares of the real estate investment trust’s stock after selling 11 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Boston Properties were worth $3,640,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Boston Properties during the first quarter worth about $200,000. Atria Investments LLC purchased a new stake in shares of Boston Properties during the first quarter worth about $224,000. Raymond James Trust N.A. purchased a new stake in shares of Boston Properties during the first quarter worth about $232,000. Parametrica Management Ltd purchased a new stake in shares of Boston Properties during the second quarter worth about $252,000. Finally, Advisor Partners LLC increased its stake in shares of Boston Properties by 12.9% in the first quarter. Advisor Partners LLC now owns 2,204 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.
Boston Properties, Inc. (NYSE:BXP) opened at 124.22 on Friday. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $144.02. The firm’s 50-day moving average is $122.34 and its 200 day moving average is $128.10. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 45.84 and a beta of 0.64.
Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The firm had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Boston Properties, Inc. will post $2.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were given a $0.75 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 2.42%. Boston Properties’s payout ratio is currently 102.04%.
A number of equities research analysts have issued reports on BXP shares. TheStreet upgraded shares of Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $150.00 price objective on shares of Boston Properties in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 price objective on shares of Boston Properties in a research note on Friday, July 14th. Finally, Evercore ISI reiterated an “in-line” rating and set a $133.00 price objective (down from $138.00) on shares of Boston Properties in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $136.33.
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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