Boston Properties, Inc. (BXP) Shares Bought by Quantbot Technologies LP
Quantbot Technologies LP boosted its stake in Boston Properties, Inc. (NYSE:BXP) by 1,224.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,965 shares of the real estate investment trust’s stock after acquiring an additional 22,156 shares during the period. Quantbot Technologies LP’s holdings in Boston Properties were worth $2,944,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Sun Life Financial INC increased its position in Boston Properties by 10,118.2% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 1,113 shares during the period. Garner Asset Management Corp acquired a new position in Boston Properties in the 2nd quarter valued at about $214,000. Clinton Group Inc. acquired a new position in Boston Properties in the 2nd quarter valued at about $236,000. MML Investors Services LLC increased its position in Boston Properties by 7.3% in the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 137 shares during the period. Finally, Parametrica Management Ltd acquired a new position in Boston Properties in the 2nd quarter valued at about $252,000. Hedge funds and other institutional investors own 94.75% of the company’s stock.
In other news, insider Bryan J. Koop sold 5,868 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the sale, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.17% of the stock is owned by insiders.
Several brokerages recently issued reports on BXP. SunTrust Banks, Inc. restated a “hold” rating and issued a $130.00 price target on shares of Boston Properties in a research report on Monday, October 9th. Evercore ISI restated an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Argus dropped their price target on Boston Properties to $140.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $124.00 price target on shares of Boston Properties in a research report on Tuesday, October 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $133.92.
Shares of Boston Properties, Inc. (NYSE BXP) traded up $1.03 during trading hours on Friday, hitting $125.18. The stock had a trading volume of 604,200 shares, compared to its average volume of 681,080. The stock has a market cap of $19,320.00, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.55 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44. Boston Properties, Inc. has a fifty-two week low of $116.77 and a fifty-two week high of $140.13.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million for the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 EPS. sell-side analysts expect that Boston Properties, Inc. will post 6.25 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, September 28th. Boston Properties’s dividend payout ratio (DPR) is 93.46%.
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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