Boston Properties, Inc. (BXP) Shares Sold by Quantbot Technologies LP
Quantbot Technologies LP cut its holdings in Boston Properties, Inc. (NYSE:BXP) by 67.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,809 shares of the real estate investment trust’s stock after selling 3,726 shares during the quarter. Quantbot Technologies LP’s holdings in Boston Properties were worth $222,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BXP. Stifel Financial Corp grew its position in shares of Boston Properties by 1.6% in the 1st quarter. Stifel Financial Corp now owns 16,944 shares of the real estate investment trust’s stock valued at $2,245,000 after purchasing an additional 275 shares during the period. Concentric Wealth Management LLC lifted its stake in Boston Properties by 4.6% in the 1st quarter. Concentric Wealth Management LLC now owns 10,200 shares of the real estate investment trust’s stock valued at $1,351,000 after acquiring an additional 448 shares in the last quarter. FMR LLC lifted its stake in Boston Properties by 1.0% in the 1st quarter. FMR LLC now owns 9,801,296 shares of the real estate investment trust’s stock valued at $1,297,790,000 after acquiring an additional 101,344 shares in the last quarter. Private Vista LLC lifted its stake in Boston Properties by 0.6% in the 1st quarter. Private Vista LLC now owns 3,048 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 17 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its stake in Boston Properties by 8.1% in the 1st quarter. Advantus Capital Management Inc now owns 226,724 shares of the real estate investment trust’s stock valued at $30,021,000 after acquiring an additional 17,004 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.
BXP has been the topic of several research reports. Barclays PLC cut their target price on Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. KeyCorp restated a “hold” rating on shares of Boston Properties in a research note on Friday, September 1st. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a research note on Thursday, June 22nd. Finally, BidaskClub upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Boston Properties has a consensus rating of “Hold” and an average price target of $134.55.
Shares of Boston Properties, Inc. (BXP) opened at 123.70 on Thursday. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $140.13. The company has a market cap of $19.09 billion, a PE ratio of 41.93 and a beta of 0.65. The stock’s 50 day moving average price is $121.29 and its 200-day moving average price is $124.35.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The company had revenue of $656.90 million for the quarter, compared to analyst estimates of $645.96 million. During the same quarter last year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Boston Properties, Inc. will post $2.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.43%. Boston Properties’s dividend payout ratio is presently 102.04%.
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Boston Properties 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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