Daiwa Securities Group Inc. decreased its holdings in Boston Properties, Inc. (NYSE:BXP) by 48.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,009,080 shares of the real estate investment trust’s stock after selling 1,882,855 shares during the quarter. Boston Properties accounts for approximately 2.1% of Daiwa Securities Group Inc.’s holdings, making the stock its 12th biggest position. Daiwa Securities Group Inc. owned approximately 1.30% of Boston Properties worth $247,298,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Checchi Capital Advisers LLC purchased a new position in Boston Properties in the 3rd quarter worth about $202,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Boston Properties in the 3rd quarter worth about $209,000. Atria Investments LLC purchased a new position in Boston Properties in the 3rd quarter worth about $226,000. Piedmont Investment Advisors LLC purchased a new position in Boston Properties in the 2nd quarter worth about $227,000. Finally, Fieldpoint Private Securities LLC raised its position in Boston Properties by 53.6% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 700 shares during the last quarter. 94.36% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Boston Properties from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Jefferies Financial Group raised shares of Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Monday, October 15th. Scotiabank assumed coverage on shares of Boston Properties in a research report on Tuesday, October 16th. They set a “sector perform” rating for the company. SunTrust Banks upped their price target on shares of Boston Properties to $137.00 and gave the company a “hold” rating in a research report on Monday, August 20th. Finally, Barclays reaffirmed a “buy” rating and set a $125.00 price target on shares of Boston Properties in a research report on Sunday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Boston Properties has a consensus rating of “Hold” and an average price target of $134.67.
NYSE BXP opened at $119.01 on Friday. Boston Properties, Inc. has a 52 week low of $111.57 and a 52 week high of $132.82. The stock has a market cap of $18.38 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.57. 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 (NYSE:BXP) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.05. The company had revenue of $686.28 million during the quarter, compared to analyst estimates of $674.30 million. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Sell-side analysts forecast that Boston Properties, Inc. will post 6.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, September 27th.
About Boston Properties
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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