Boston Properties, Inc. (NYSE:BXP) Position Maintained by HL Financial Services LLC
HL Financial Services LLC held its stake in shares of Boston Properties, Inc. (NYSE:BXP) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,773 shares of the real estate investment trust’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in Boston Properties were worth $341,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Boston Properties during the first quarter valued at $200,000. Atria Investments LLC bought a new stake in shares of Boston Properties during the first quarter valued at $224,000. Raymond James Trust N.A. bought a new stake in shares of Boston Properties during the first quarter valued at $232,000. Parametrica Management Ltd bought a new stake in shares of Boston Properties during the second quarter valued at $252,000. Finally, Advisor Partners LLC increased its stake in shares of Boston Properties by 12.9% in the first quarter. Advisor Partners LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 252 shares during the last quarter. 93.80% of the stock is owned by institutional investors.
Boston Properties, Inc. (BXP) opened at 122.51 on Tuesday. The firm’s 50-day moving average price is $121.39 and its 200-day moving average price is $127.61. The company has a market cap of $18.91 billion, a P/E ratio of 41.53 and a beta of 0.64. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $143.65.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business had revenue of $656.90 million for the quarter, compared to the consensus estimate of $645.96 million. During the same period last year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts expect that Boston Properties, Inc. will post $2.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Wednesday, June 28th. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.
Several equities research analysts have recently weighed in on the company. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. BidaskClub raised Boston Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $127.00 price target on shares of Boston Properties in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $150.00 price target on shares of Boston Properties in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Boston Properties has an average rating of “Hold” and a consensus target price of $135.64.
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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