AEW Capital Management L P Has $225.55 Million Position in Boston Properties, Inc. (BXP)
AEW Capital Management L P decreased its holdings in Boston Properties, Inc. (NYSE:BXP) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,734,609 shares of the real estate investment trust’s stock after selling 152,550 shares during the quarter. Boston Properties makes up 5.8% of AEW Capital Management L P’s holdings, making the stock its 3rd biggest holding. AEW Capital Management L P’s holdings in Boston Properties were worth $225,551,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wealthstreet Investment Advisors LLC acquired a new position in Boston Properties in the 4th quarter worth about $2,334,000. Daiwa Securities Group Inc. raised its holdings in Boston Properties by 6,461.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,815,988 shares of the real estate investment trust’s stock worth $236,133,000 after purchasing an additional 1,788,312 shares during the period. California Public Employees Retirement System raised its holdings in Boston Properties by 1.6% in the 4th quarter. California Public Employees Retirement System now owns 383,195 shares of the real estate investment trust’s stock worth $49,827,000 after purchasing an additional 6,011 shares during the period. ING Groep NV acquired a new position in Boston Properties in the 4th quarter worth about $1,908,000. Finally, Crossmark Global Holdings Inc. raised its holdings in Boston Properties by 10.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 14,181 shares of the real estate investment trust’s stock worth $1,844,000 after purchasing an additional 1,396 shares during the period. 95.87% of the stock is owned by institutional investors.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Robert W. Baird reiterated a “hold” rating and set a $125.00 price objective on shares of Boston Properties in a research note on Tuesday, January 9th. BMO Capital Markets lowered Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 price objective for the company. in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Royal Bank of Canada set a $140.00 price objective on Boston Properties and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Argus cut their price objective on Boston Properties to $140.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Boston Properties currently has a consensus rating of “Hold” and a consensus price target of $131.20.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.02. The company had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. analysts anticipate that Boston Properties, Inc. will post 6.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.77%. This is a positive change from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, December 28th. Boston Properties’s dividend payout ratio is presently 109.22%.
Boston Properties Company Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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