Boston Properties, Inc. (BXP) Shares Sold by Fmr LLC
Fmr LLC decreased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,429,807 shares of the real estate investment trust’s stock after selling 371,489 shares during the period. Fmr LLC owned about 6.13% of Boston Properties worth $1,160,055,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of BXP. UBS Asset Management Americas Inc. lifted its position in Boston Properties by 10.6% during the first quarter. UBS Asset Management Americas Inc. now owns 718,162 shares of the real estate investment trust’s stock valued at $95,092,000 after purchasing an additional 68,872 shares during the period. Mutual of America Capital Management LLC lifted its position in Boston Properties by 10.2% during the first quarter. Mutual of America Capital Management LLC now owns 20,515 shares of the real estate investment trust’s stock valued at $2,716,000 after purchasing an additional 1,897 shares during the period. Keybank National Association OH lifted its position in Boston Properties by 35.1% during the first quarter. Keybank National Association OH now owns 3,459 shares of the real estate investment trust’s stock valued at $458,000 after purchasing an additional 899 shares during the period. Mason Street Advisors LLC lifted its position in Boston Properties by 1.1% during the first quarter. Mason Street Advisors LLC now owns 21,259 shares of the real estate investment trust’s stock valued at $2,815,000 after purchasing an additional 224 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Boston Properties by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,449 shares of the real estate investment trust’s stock valued at $457,000 after purchasing an additional 110 shares during the period. Institutional investors own 94.58% of the company’s stock.
Shares of Boston Properties, Inc. (NYSE BXP) traded down 0.15% during mid-day trading on Friday, hitting $122.65. 63,684 shares of the stock were exchanged. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $140.26. The company has a market cap of $18.93 billion, a P/E ratio of 41.58 and a beta of 0.64. The stock’s 50-day moving average price is $121.20 and its 200-day moving average price is $125.10.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. During the same period in the previous year, the business posted $1.44 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Boston Properties, Inc. will post $2.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 28th. Boston Properties’s dividend payout ratio is currently 102.04%.
A number of research analysts recently weighed in on the stock. Barclays PLC lowered their price objective on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, August 31st. Royal Bank Of Canada downgraded shares of Boston Properties from a “top pick” rating to an “outperform” rating and lowered their price objective for the company from $150.00 to $140.00 in a research report on Thursday, August 17th. BidaskClub downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC restated a “hold” rating and set a $121.00 price objective on shares of Boston Properties in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $134.55.
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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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