Boston Properties, Inc. (BXP) Holdings Cut by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in Boston Properties, Inc. (NYSE:BXP) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 37,954 shares of the real estate investment trust’s stock after selling 1,141 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Boston Properties were worth $4,664,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. BT Investment Management Ltd purchased a new position in Boston Properties in the second quarter worth about $8,518,000. AXA raised its holdings in shares of Boston Properties by 22.9% during the second quarter. AXA now owns 161,393 shares of the real estate investment trust’s stock valued at $19,855,000 after purchasing an additional 30,104 shares during the last quarter. Eii Capital Management Inc. raised its holdings in shares of Boston Properties by 59.7% during the second quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock valued at $3,814,000 after purchasing an additional 11,590 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Boston Properties by 5.4% during the second quarter. Teachers Advisors LLC now owns 1,251,924 shares of the real estate investment trust’s stock valued at $154,012,000 after purchasing an additional 64,326 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Boston Properties by 31.6% during the second quarter. Citigroup Inc. now owns 184,025 shares of the real estate investment trust’s stock valued at $22,638,000 after purchasing an additional 44,199 shares during the last quarter. 94.75% of the stock is owned by institutional investors and hedge funds.
BXP has been the subject of several research reports. BidaskClub cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, July 24th. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Royal Bank Of Canada cut shares of Boston Properties from a “top pick” rating to an “outperform” rating and decreased their price objective for the company from $150.00 to $140.00 in a report on Thursday, August 17th. Barclays PLC decreased their price objective on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, August 31st. Finally, KeyCorp reissued a “hold” rating on shares of Boston Properties in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $133.92.
Shares of Boston Properties, Inc. (BXP) traded down $0.14 during midday trading on Friday, reaching $125.04. 360,006 shares of the company traded hands, compared to its average volume of 593,726. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $19,270.00, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 3.57 and a beta of 0.63. Boston Properties, Inc. has a 12 month low of $116.77 and a 12 month high of $140.13.
Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.03. The company had revenue of $657.70 million during the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 earnings per share. analysts predict that Boston Properties, Inc. will post 6.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.40%. Boston Properties’s payout ratio is currently 93.46%.
In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the transaction, the insider now directly owns 585 shares in the company, valued at $72,861.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.17% of the company’s stock.
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. 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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