Commonwealth Equity Services LLC lessened its position in shares of Boston Properties, Inc. (NYSE:BXP) by 14.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,678 shares of the real estate investment trust’s stock after selling 1,116 shares during the period. Commonwealth Equity Services LLC’s holdings in Boston Properties were worth $822,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Quantum Capital Management LLC NJ acquired a new stake in shares of Boston Properties during the 1st quarter worth approximately $1,104,000. Zeke Capital Advisors LLC raised its position in shares of Boston Properties by 54.5% during the 4th quarter. Zeke Capital Advisors LLC now owns 4,597 shares of the real estate investment trust’s stock worth $598,000 after purchasing an additional 1,622 shares during the period. Geode Capital Management LLC raised its position in shares of Boston Properties by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 1,899,346 shares of the real estate investment trust’s stock worth $246,520,000 after purchasing an additional 75,618 shares during the period. AXA raised its position in shares of Boston Properties by 10.3% during the 4th quarter. AXA now owns 160,960 shares of the real estate investment trust’s stock worth $20,930,000 after purchasing an additional 15,055 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of Boston Properties by 9.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 29,420 shares of the real estate investment trust’s stock worth $3,825,000 after purchasing an additional 2,645 shares during the period. 94.91% of the stock is currently owned by institutional investors.
In other news, insider Bryan J. Koop sold 10,560 shares of Boston Properties stock in a transaction on Friday, May 11th. The stock was 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 the SEC website. 0.88% of the stock is currently owned by company insiders.
BXP has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $133.00 price target (down from $136.00) on shares of Boston Properties in a research report on Tuesday, March 13th. Evercore ISI upgraded Boston Properties from an “in-line” rating to an “outperform” rating in a research report on Monday, March 5th. Citigroup dropped their price target on Boston Properties from $129.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 2nd. ValuEngine upgraded Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, June 24th. Finally, Deutsche Bank increased their price target on Boston Properties from $133.00 to $134.00 and gave the stock a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Boston Properties currently has an average rating of “Hold” and an average target price of $132.08.
BXP opened at $124.94 on Friday. Boston Properties, Inc. has a 12 month low of $111.57 and a 12 month high of $132.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.14 and a current ratio of 3.14. The company has a market capitalization of $19.23 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 3.46 and a beta of 0.57.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 EPS for the quarter, beating the consensus estimate of $0.64 by $0.50. Boston Properties had a return on equity of 6.81% and a net margin of 20.48%. The firm had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $648.23 million. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. research analysts expect that Boston Properties, Inc. will post 6.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, June 29th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, June 28th.
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 nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.
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