Signition LP acquired a new stake in Boston Properties, Inc. (NYSE:BXP) during the third quarter, HoldingsChannel reports. The fund acquired 4,491 shares of the real estate investment trust’s stock, valued at approximately $553,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BXP. Checchi Capital Advisers LLC acquired a new position in Boston Properties in the 3rd quarter valued at $202,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Boston Properties during the 3rd quarter worth $209,000. Atria Investments LLC acquired a new stake in shares of Boston Properties during the 3rd quarter worth $226,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Boston Properties during the 2nd quarter worth $227,000. Finally, Fieldpoint Private Securities LLC grew its holdings in shares of Boston Properties by 53.6% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 700 shares in the last quarter. 94.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BXP stock opened at $119.01 on Friday. The company has a quick ratio of 4.02, a current ratio of 3.74 and a debt-to-equity ratio of 1.36. Boston Properties, Inc. has a twelve month low of $111.57 and a twelve month high of $132.82. The firm has a market cap of $18.65 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 3.17 and a beta of 0.57.
Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.05. Boston Properties had a return on equity of 6.75% and a net margin of 20.18%. The business had revenue of $686.28 million during the quarter, compared to the consensus estimate of $674.30 million. During the same period in the prior year, the company earned $0.76 EPS. Boston Properties’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts expect that Boston Properties, Inc. will post 6.38 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, September 27th. This represents a $3.20 annualized dividend and a dividend yield of 2.69%.
BXP has been the topic of several analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $118.00 target price on shares of Boston Properties in a report on Wednesday, August 1st. Stifel Nicolaus increased their target price on Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. TheStreet raised Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. SunTrust Banks increased their target price on Boston Properties to $137.00 and gave the stock a “hold” rating in a report on Monday, August 20th. Finally, Barclays reissued a “buy” rating and set a $134.00 target price on shares of Boston Properties in a report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Boston Properties currently has an average rating of “Hold” and a consensus target price of $133.69.
Boston Properties Company Profile
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.
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