Boston Properties (BXP) Holdings Lessened by Profund Advisors LLC

Profund Advisors LLC cut its position in shares of Boston Properties (NYSE:BXP) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,611 shares of the real estate investment trust’s stock after selling 2,381 shares during the period. Profund Advisors LLC’s holdings in Boston Properties were worth $990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC increased its position in shares of Boston Properties by 1.7% during the fourth quarter. Chilton Capital Management LLC now owns 207,023 shares of the real estate investment trust’s stock valued at $26,919,000 after purchasing an additional 3,536 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in shares of Boston Properties by 253.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 232,467 shares of the real estate investment trust’s stock valued at $30,227,000 after purchasing an additional 166,767 shares during the period. AXA increased its position in shares of Boston Properties by 10.3% during the fourth quarter. AXA now owns 160,960 shares of the real estate investment trust’s stock valued at $20,930,000 after purchasing an additional 15,055 shares during the period. Geode Capital Management LLC increased its position in shares of Boston Properties by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,899,346 shares of the real estate investment trust’s stock valued at $246,520,000 after purchasing an additional 75,618 shares during the period. Finally, Investec Asset Management LTD increased its position in shares of Boston Properties by 23.2% during the fourth quarter. Investec Asset Management LTD now owns 13,256 shares of the real estate investment trust’s stock valued at $1,724,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 95.34% of the company’s stock.

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A number of research firms have recently issued reports on BXP. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BMO Capital Markets lowered Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 price target on the stock. in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “hold” rating and issued a $125.00 price target on shares of Boston Properties in a research note on Tuesday, January 9th. JPMorgan Chase reaffirmed a “neutral” rating and issued a $133.00 price target (down previously from $136.00) on shares of Boston Properties in a research note on Tuesday, March 13th. Finally, SunTrust Banks set a $127.00 price target on Boston Properties and gave the company a “hold” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $132.00.

Shares of BXP opened at $120.96 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92. Boston Properties has a 12-month low of $111.57 and a 12-month high of $137.35. The firm has a market cap of $18,971.42, a PE ratio of 19.79, a PEG ratio of 3.35 and a beta of 0.58.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.02. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The business had revenue of $655.23 million for the quarter, compared to analyst estimates of $654.36 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. research analysts anticipate that Boston Properties will post 6.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, March 28th.

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About Boston Properties

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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

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