Westpac Banking Corp lowered its position in Boston Properties, Inc. (NYSE:BXP) by 19.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,897 shares of the real estate investment trust’s stock after selling 62,248 shares during the quarter. Westpac Banking Corp owned about 0.17% of Boston Properties worth $33,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Garner Asset Management Corp bought a new position in shares of Boston Properties in the first quarter worth about $230,000. 6 Meridian raised its stake in shares of Boston Properties by 2.1% during the second quarter. 6 Meridian now owns 4,027 shares of the real estate investment trust’s stock worth $519,000 after buying an additional 82 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Boston Properties during the first quarter worth approximately $1,703,000. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Boston Properties by 132.1% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 76,663 shares of the real estate investment trust’s stock valued at $10,263,000 after purchasing an additional 43,637 shares during the period. Finally, Wetherby Asset Management Inc. grew its holdings in Boston Properties by 6.3% during the second quarter. Wetherby Asset Management Inc. now owns 2,262 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 135 shares during the period. Institutional investors own 90.69% of the company’s stock.

NYSE BXP traded up $0.77 on Tuesday, hitting $127.64. 22,294 shares of the stock were exchanged, compared to its average volume of 617,728. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.58 and a quick ratio of 4.58. The business has a fifty day simple moving average of $130.59. Boston Properties, Inc. has a 52 week low of $107.84 and a 52 week high of $140.35. The stock has a market capitalization of $19.99 billion, a P/E ratio of 20.27, a PEG ratio of 3.00 and a beta of 0.87.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.68). Boston Properties had a return on equity of 6.80% and a net margin of 18.96%. The firm had revenue of $733.74 million for the quarter, compared to the consensus estimate of $725.14 million. During the same period last year, the company posted $0.83 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. On average, equities analysts expect that Boston Properties, Inc. will post 7.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Thursday, June 27th. Boston Properties’s payout ratio is presently 60.32%.

In other news, insider Bryan J. Koop sold 4,121 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $134.40, for a total value of $553,862.40. Following the transaction, the insider now directly owns 585 shares of the company’s stock, valued at $78,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan J. Koop sold 5,616 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total transaction of $752,263.20. Following the completion of the transaction, the insider now directly owns 10,175 shares in the company, valued at $1,362,941.25. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.

BXP has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Boston Properties from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Monday, June 17th. Zacks Investment Research cut shares of Boston Properties from a “buy” rating to a “hold” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $137.50.

Boston Properties Company Profile

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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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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