Boston Properties, Inc. (BXP) Shares Bought by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC raised its position in shares of Boston Properties, Inc. (NYSE:BXP) by 12,201.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,532 shares of the real estate investment trust’s stock after buying an additional 13,422 shares during the period. Harbour Capital Advisors LLC’s holdings in Boston Properties were worth $110,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Boston Properties by 2,333.7% in the first quarter. BlackRock Inc. now owns 14,650,487 shares of the real estate investment trust’s stock worth $1,939,871,000 after buying an additional 14,048,513 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Boston Properties by 45.5% in the first quarter. JPMorgan Chase & Co. now owns 3,942,489 shares of the real estate investment trust’s stock valued at $522,026,000 after buying an additional 1,233,425 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock valued at $2,939,641,000 after buying an additional 398,674 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Boston Properties by 45.7% in the first quarter. American Century Companies Inc. now owns 1,213,152 shares of the real estate investment trust’s stock valued at $160,633,000 after buying an additional 380,500 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Boston Properties by 43.8% in the second quarter. APG Asset Management N.V. now owns 963,876 shares of the real estate investment trust’s stock valued at $118,576,000 after buying an additional 293,526 shares in the last quarter. 94.52% of the stock is currently owned by institutional investors.
Boston Properties, Inc. (NYSE:BXP) opened at 122.96 on Wednesday. The company has a 50 day moving average price of $122.03 and a 200-day moving average price of $128.00. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $144.02. The firm has a market cap of $18.92 billion, a price-to-earnings ratio of 45.37 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 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. During the same period in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Boston Properties, Inc. will post $2.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.44%. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.
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Several research analysts recently weighed in on the company. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. BidaskClub raised Boston Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $127.00 target price on shares of Boston Properties in a research note on Thursday, June 22nd. Finally, Barclays PLC decreased their target price on Boston Properties from $141.00 to $137.00 and set an “overweight” rating for the company in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus 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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