Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in Boston Properties, Inc. (NYSE:BXP) by 22.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,500 shares of the real estate investment trust’s stock after purchasing an additional 16,400 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.06% of Boston Properties worth $11,145,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of BXP. Harbour Capital Advisors LLC raised its position in shares of Boston Properties by 12,201.8% in the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 13,422 shares during the period. Sun Life Financial INC raised its position in shares of Boston Properties by 10,118.2% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,113 shares during the period. Garner Asset Management Corp bought a new position in shares of Boston Properties in the second quarter valued at about $214,000. Clinton Group Inc. bought a new position in shares of Boston Properties in the second quarter valued at about $236,000. Finally, MML Investors Services LLC raised its position in shares of Boston Properties by 7.3% in the second quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 137 shares during the period. 94.82% of the stock is currently owned by institutional investors.
Boston Properties, Inc. (NYSE:BXP) traded down $0.16 during trading hours on Friday, reaching $125.85. 566,800 shares of the company traded hands, compared to its average volume of 585,863. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92. Boston Properties, Inc. has a twelve month low of $116.77 and a twelve month high of $140.13. The firm has a market cap of $19,421.42, a P/E ratio of 20.10, a PEG ratio of 3.64 and a beta of 0.63.
Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The business had revenue of $657.70 million for the quarter, compared to the consensus estimate of $649.84 million. During the same period last year, the company earned $1.42 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. equities analysts predict that Boston Properties, Inc. will post 6.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.00 annualized dividend and a yield of 2.38%. Boston Properties’s dividend payout ratio is presently 93.75%.
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In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the transaction, the insider now owns 585 shares in the company, valued at approximately $72,861.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.17% of the stock is owned by company insiders.
BXP has been the topic of a number of recent research reports. Barclays PLC lowered their price target on shares of Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $130.00 price target on shares of Boston Properties in a research report on Monday, October 9th. BidaskClub raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $133.00 price target (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $133.36.
Boston Properties 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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