TIAA CREF Investment Management LLC increased its stake in Boston Properties (NYSE:BXP) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 945,255 shares of the real estate investment trust’s stock after purchasing an additional 51,668 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.61% of Boston Properties worth $122,912,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of BXP. Amica Retiree Medical Trust purchased a new position in shares of Boston Properties during the 3rd quarter valued at $105,000. NewSquare Capital LLC grew its position in Boston Properties by 12,184.0% in the third quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 121,840 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in Boston Properties in the third quarter worth $125,000. Americafirst Capital Management LLC purchased a new position in Boston Properties in the third quarter worth $169,000. Finally, Huntington National Bank grew its position in Boston Properties by 397.1% in the fourth quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 1,219 shares in the last quarter. 95.34% of the stock is currently owned by institutional investors.
NYSE BXP traded down $1.31 on Friday, reaching $120.96. The company had a trading volume of 597,899 shares, compared to its average volume of 705,883. Boston Properties has a 12 month low of $111.57 and a 12 month high of $137.35. The company has a market cap of $18,668.96, a P/E ratio of 19.48, a P/E/G ratio of 3.30 and a beta of 0.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.43.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.02. The firm had revenue of $655.23 million during the quarter, compared to analysts’ expectations of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS. analysts forecast that Boston Properties will post 6.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.20 annualized dividend and a yield of 2.65%.
Several equities analysts have recently commented on BXP shares. BMO Capital Markets reaffirmed a “hold” rating and set a $134.00 price objective on shares of Boston Properties in a research note on Thursday, February 1st. JPMorgan Chase reissued a “neutral” rating and issued a $133.00 price target (down from $136.00) on shares of Boston Properties in a research note on Tuesday, March 13th. Argus reissued a “buy” rating and issued a $138.00 price target (down from $140.00) on shares of Boston Properties in a research note on Monday, February 26th. Edward Jones raised shares of Boston Properties from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $132.00.
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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.
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