Boston Properties, Inc. (BXP) Holdings Raised by Nationwide Fund Advisors
Nationwide Fund Advisors raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,477 shares of the real estate investment trust’s stock after purchasing an additional 6,116 shares during the quarter. Nationwide Fund Advisors owned 0.09% of Boston Properties worth $17,508,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Motco grew its stake in Boston Properties by 0.9% during the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 34 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Boston Properties by 1.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 61 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Boston Properties by 6.5% in 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 in the last quarter. MML Investors Services LLC grew its position in shares of Boston Properties by 7.3% in 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 in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Boston Properties by 1.9% in the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.
Several research analysts have recently commented on BXP shares. Royal Bank Of Canada lowered Boston Properties from a “top pick” rating to an “outperform” rating and decreased their target price for the stock from $150.00 to $140.00 in a research report on Thursday, August 17th. Barclays decreased their target price on Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. Evercore ISI reiterated an “in-line” rating and issued a $133.00 target price (up previously from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $130.00 target price on shares of Boston Properties in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $133.92.
In related news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the sale, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.
Shares of Boston Properties, Inc. (NYSE BXP) opened at $125.05 on Thursday. The stock has a market capitalization of $19,242.45, a P/E ratio of 19.92, a P/E/G ratio of 3.57 and a beta of 0.63. Boston Properties, Inc. has a 1-year low of $116.77 and a 1-year high of $140.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million for the quarter, compared to the consensus estimate of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. analysts forecast that Boston Properties, Inc. will post 6.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, September 28th. Boston Properties’s dividend payout ratio (DPR) is 93.75%.
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Boston Properties Company Profile
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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