Traders Buy Boston Properties (BXP) on Weakness

Traders bought shares of Boston Properties, Inc. (NYSE:BXP) on weakness during trading on Wednesday. $39.73 million flowed into the stock on the tick-up and $21.30 million flowed out of the stock on the tick-down, for a money net flow of $18.43 million into the stock. Of all equities tracked, Boston Properties had the 14th highest net in-flow for the day. Boston Properties traded down ($0.73) for the day and closed at $115.46

Several analysts have commented on the stock. Robert W. Baird reiterated a “hold” rating and set a $125.00 target price on shares of Boston Properties in a research report on Tuesday, January 9th. SunTrust Banks set a $127.00 price target on shares of Boston Properties and gave the company a “hold” rating in a report on Monday, January 22nd. Edward Jones raised shares of Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Argus decreased their price target on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Finally, KeyCorp reissued a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $130.80.

The stock has a market cap of $17,769.02, a price-to-earnings ratio of 39.66, a PEG ratio of 3.25 and a beta of 0.58. The company has a current ratio of 0.43, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92.

Boston Properties (NYSE:BXP) last announced its 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. The firm had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 EPS. research analysts anticipate that Boston Properties, Inc. will post 6.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were paid a $0.80 dividend. The ex-dividend date was Thursday, December 28th. This is a positive change from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.77%. Boston Properties’s dividend payout ratio is presently 109.22%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY boosted its stake in Boston Properties by 39.9% in the 4th quarter. Bamco Inc. NY now owns 58,508 shares of the real estate investment trust’s stock worth $7,608,000 after purchasing an additional 16,693 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Boston Properties by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 110,961 shares of the real estate investment trust’s stock worth $14,428,000 after purchasing an additional 476 shares during the period. AMP Capital Investors Ltd boosted its stake in Boston Properties by 2.9% in the 4th quarter. AMP Capital Investors Ltd now owns 315,993 shares of the real estate investment trust’s stock worth $41,090,000 after purchasing an additional 8,846 shares during the period. Chilton Capital Management LLC boosted its stake in Boston Properties by 1.7% in the 4th quarter. Chilton Capital Management LLC now owns 207,023 shares of the real estate investment trust’s stock worth $26,919,000 after purchasing an additional 3,536 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Boston Properties by 253.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 232,467 shares of the real estate investment trust’s stock worth $30,227,000 after purchasing an additional 166,767 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

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About Boston Properties

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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