World Asset Management Inc Has $2,604,000 Stake in Boston Properties, Inc. (BXP)
World Asset Management Inc increased its position in Boston Properties, Inc. (NYSE:BXP) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 19,107 shares of the company’s stock after buying an additional 278 shares during the period. World Asset Management Inc’s holdings in Boston Properties were worth $2,604,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Euclid Advisors LLC bought a new position in shares of Boston Properties during the second quarter worth $138,000. Glenmede Trust Co. NA boosted its position in shares of Boston Properties by 30.9% in the second quarter. Glenmede Trust Co. NA now owns 1,189 shares of the company’s stock worth $155,000 after buying an additional 281 shares in the last quarter. Advisor Partners LLC bought a new position in shares of Boston Properties during the second quarter worth $202,000. Pacad Investment Ltd. bought a new position in shares of Boston Properties during the second quarter worth $224,000. Finally, Wade G W & Inc. bought a new position in shares of Boston Properties during the second quarter worth $237,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boston Properties, Inc. (NYSE:BXP) opened at 128.50 on Friday. Boston Properties, Inc. has a 12-month low of $107.28 and a 12-month high of $144.02. The company has a 50-day moving average price of $126.37 and a 200 day moving average price of $131.44. The firm has a market capitalization of $19.76 billion, a price-to-earnings ratio of 40.03 and a beta of 0.62.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by $0.01. Boston Properties had a return on equity of 6.54% and a net margin of 19.83%. The business earned $625.23 million during the quarter, compared to the consensus estimate of $621.99 million. During the same quarter last year, the company earned $1.41 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Equities research analysts expect that Boston Properties, Inc. will post $2.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be issued a $0.75 dividend. This is an increase from Boston Properties’s previous quarterly dividend of $0.65. This represents a $3.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, December 28th. Boston Properties’s dividend payout ratio is 93.46%.
A number of equities analysts recently weighed in on the company. Wells Fargo & Company set a $136.00 price target on Boston Properties and gave the stock a “buy” rating in a research note on Wednesday, November 30th. Zacks Investment Research raised Boston Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays PLC reaffirmed a “buy” rating and set a $143.00 target price on shares of Boston Properties in a research note on Thursday, December 1st. TheStreet cut Boston Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 target price (down previously from $152.00) on shares of Boston Properties in a research note on Monday, January 9th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $141.78.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.
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