Boston Properties (BXP) Holdings Cut by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its position in Boston Properties (NYSE:BXP) by 3.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 96,174 shares of the real estate investment trust’s stock after selling 3,860 shares during the period. Natixis Advisors L.P. owned about 0.06% of Boston Properties worth $11,850,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its stake in Boston Properties by 6.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 756,613 shares of the real estate investment trust’s stock valued at $98,382,000 after acquiring an additional 44,759 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Boston Properties by 16.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,264 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 607 shares during the last quarter. Toronto Dominion Bank boosted its stake in Boston Properties by 13.6% in the fourth quarter. Toronto Dominion Bank now owns 66,474 shares of the real estate investment trust’s stock valued at $8,644,000 after acquiring an additional 7,958 shares during the last quarter. Zeke Capital Advisors LLC boosted its stake in Boston Properties by 54.5% in the fourth quarter. Zeke Capital Advisors LLC now owns 4,597 shares of the real estate investment trust’s stock valued at $598,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Boston Properties by 4.1% in 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 acquiring an additional 75,618 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

In related news, insider Bryan J. Koop sold 10,560 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $124.27, for a total transaction of $1,312,291.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Shares of BXP stock opened at $119.59 on Friday. The company has a market cap of $18.46 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 3.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.14 and a current ratio of 3.14. Boston Properties has a 12 month low of $111.57 and a 12 month high of $132.00.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.50. The company had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $648.23 million. Boston Properties had a net margin of 20.48% and a return on equity of 6.81%. Boston Properties’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. research analysts forecast that Boston Properties will post 6.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Thursday, March 29th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 28th.

A number of research analysts have weighed in on BXP shares. 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 note on Tuesday, January 30th. Robert W. Baird reiterated a “hold” rating and issued a $134.00 target price on shares of Boston Properties in a research note on Wednesday, January 31st. BMO Capital Markets reiterated a “hold” rating and issued a $134.00 target price on shares of Boston Properties in a research note on Thursday, February 1st. Edward Jones upgraded shares of Boston Properties from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Bank of America upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $131.54.

Boston Properties Company Profile

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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