Fox Run Management L.L.C. cut its position in Boston Properties, Inc. (NYSE:BXP) by 44.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,613 shares of the real estate investment trust’s stock after selling 2,076 shares during the quarter. Fox Run Management L.L.C.’s holdings in Boston Properties were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in BXP. Bogart Wealth LLC purchased a new position in shares of Boston Properties in the fourth quarter valued at $33,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of Boston Properties in the fourth quarter valued at $75,000. TLP Group LLC purchased a new position in shares of Boston Properties in the third quarter valued at $104,000. Matthew Goff Investment Advisor LLC purchased a new position in shares of Boston Properties in the third quarter valued at $108,000. Finally, Checchi Capital Advisers LLC purchased a new position in shares of Boston Properties in the third quarter valued at $202,000. Institutional investors and hedge funds own 95.61% of the company’s stock.
Shares of NYSE:BXP opened at $121.52 on Friday. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.74. Boston Properties, Inc. has a 1-year low of $107.84 and a 1-year high of $132.82. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.74 and a current ratio of 3.74.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. The company had revenue of $686.28 million for the quarter, compared to analysts’ expectations of $674.30 million. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. As a group, equities research analysts anticipate that Boston Properties, Inc. will post 6.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.13%. This is a boost from Boston Properties’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, December 28th.
BXP has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Boston Properties from a “neutral” rating to an “overweight” rating in a report on Friday, October 5th. Barclays reaffirmed a “buy” rating and issued a $125.00 price target on shares of Boston Properties in a report on Sunday, October 14th. Jefferies Financial Group raised shares of Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Monday, October 15th. Scotiabank initiated coverage on shares of Boston Properties in a report on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Finally, Zacks Investment Research cut shares of Boston Properties from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Boston Properties has an average rating of “Buy” and a consensus target price of $134.60.
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Boston Properties Company Profile
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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