Stifel Financial Corp Trims Holdings in Boston Properties, Inc. (BXP)
Stifel Financial Corp cut its stake in Boston Properties, Inc. (NYSE:BXP) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,008 shares of the real estate investment trust’s stock after selling 936 shares during the period. Stifel Financial Corp’s holdings in Boston Properties were worth $1,968,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC lifted its holdings in shares of Boston Properties by 12,201.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 13,422 shares during the period. Jane Street Group LLC bought a new position in shares of Boston Properties during the 1st quarter worth about $200,000. MML Investors Services LLC lifted its holdings in shares of Boston Properties by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 137 shares during the period. Parametrica Management Ltd bought a new position in shares of Boston Properties during the 2nd quarter worth about $252,000. Finally, Commonwealth Bank of Australia lifted its holdings in shares of Boston Properties by 6.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 127 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.
WARNING: This report was reported by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/10/16/stifel-financial-corp-trims-holdings-in-boston-properties-inc-bxp.html.
BXP has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $127.00 price objective on shares of Boston Properties in a report on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $150.00 target price on shares of Boston Properties in a research report on Wednesday, July 5th. BidaskClub cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 target price on shares of Boston Properties in a research report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $132.91.
Shares of Boston Properties, Inc. (BXP) opened at 128.29 on Monday. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $140.13. The firm has a market cap of $19.80 billion, a PE ratio of 43.49 and a beta of 0.65. The firm has a 50-day moving average of $122.65 and a 200 day moving average of $124.04.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The firm had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, equities analysts predict that Boston Properties, Inc. will post $2.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, September 28th. Boston Properties’s payout ratio is 102.04%.
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.
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXP).
Receive News & Ratings for Boston Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.