Boston Properties, Inc. (NYSE:BXP) Stake Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in Boston Properties, Inc. (NYSE:BXP) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,264 shares of the real estate investment trust’s stock after purchasing an additional 607 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Boston Properties were worth $554,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of Boston Properties by 1.9% in the second 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 raised its position in shares of Boston Properties by 3.4% in the second quarter. Millie Capital Management LLC now owns 4,473 shares of the real estate investment trust’s stock valued at $550,000 after purchasing an additional 146 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Boston Properties by 2.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,246 shares of the real estate investment trust’s stock valued at $2,128,000 after purchasing an additional 400 shares during the period. Advisor Partners LLC increased its position in Boston Properties by 22.3% during the fourth quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 429 shares during the period. Finally, FDx Advisors Inc. increased its position in Boston Properties by 19.2% during the third quarter. FDx Advisors Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 484 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Boston Properties, Inc. (NYSE BXP) traded down $1.49 on Wednesday, reaching $114.70. 428,220 shares of the company’s stock were exchanged, compared to its average volume of 922,427. Boston Properties, Inc. has a 1 year low of $111.57 and a 1 year high of $140.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.43 and a quick ratio of 0.44. The firm has a market capitalization of $17,769.02, a P/E ratio of 39.66, a P/E/G ratio of 3.25 and a beta of 0.58.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. During the same quarter in the previous year, the company earned $0.94 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. analysts forecast that Boston Properties, Inc. will post 6.33 earnings per share for the current fiscal year.

The firm also recently declared 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 represents a $3.20 dividend on an annualized basis and a yield of 2.79%. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. Boston Properties’s payout ratio is currently 109.22%.

A number of equities analysts recently issued reports on BXP shares. BMO Capital Markets set a $130.00 target price on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday. Mizuho reaffirmed a “hold” rating and set a $122.00 target price on shares of Boston Properties in a research report on Friday, November 3rd. SunTrust Banks set a $127.00 target price on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday, January 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $134.00 target price on shares of Boston Properties in a research report on Wednesday, January 31st. Finally, Barclays dropped their target price on shares of Boston Properties from $135.00 to $131.00 and set an “overweight” rating on the stock 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 company’s stock. The stock currently has an average rating of “Hold” and an average target price of $130.80.

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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.

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

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