CIBC World Markets Inc. bought a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,358 shares of the real estate investment trust’s stock, valued at approximately $957,000.
A number of other large investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its position in Boston Properties by 1.9% during the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock valued at $941,000 after purchasing an additional 140 shares during the period. Millie Capital Management LLC grew its position in shares of Boston Properties by 3.4% during the 2nd quarter. Millie Capital Management LLC now owns 4,473 shares of the real estate investment trust’s stock worth $550,000 after buying an additional 146 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Boston Properties by 2.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,246 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 400 shares during the period. Advisor Partners LLC grew its position in shares of Boston Properties by 22.3% during the 4th quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 429 shares during the period. Finally, FDx Advisors Inc. grew its position in shares of Boston Properties by 19.2% during the 3rd quarter. FDx Advisors Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 484 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.
Shares of Boston Properties, Inc. (BXP) traded down $2.27 on Wednesday, hitting $113.92. The company had a trading volume of 89,794 shares, compared to its average volume of 910,986. Boston Properties, Inc. has a 12 month low of $111.57 and a 12 month high of $140.13. The company has a current ratio of 0.43, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. The company has a market cap of $17,769.02, a PE ratio of 39.66, a P/E/G ratio of 3.25 and a beta of 0.58.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.02. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The company had revenue of $655.23 million for the quarter, compared to analysts’ expectations of $654.36 million. During the same period last year, the business earned $0.94 EPS. Boston Properties’s quarterly revenue was up 3.0% compared to the same quarter last year. analysts anticipate that Boston Properties, Inc. will post 6.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, December 28th. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.81%. Boston Properties’s dividend payout ratio (DPR) is 109.22%.
Several analysts have recently commented on the stock. BMO Capital Markets set a $130.00 price objective on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday. Robert W. Baird reaffirmed a “hold” rating and set a $134.00 price objective on shares of Boston Properties in a research report on Wednesday, January 31st. SunTrust Banks set a $127.00 price objective on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday, January 22nd. Edward Jones raised shares of Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Barclays reduced their price objective on shares of Boston Properties from $135.00 to $131.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $130.80.
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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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