Investors Purchase High Volume of Boston Properties Call Options (BXP)
Boston Properties, Inc. (NYSE:BXP) saw unusually large options trading on Wednesday. Stock traders bought 513 call options on the stock. This is an increase of approximately 868% compared to the average volume of 53 call options.
Several research analysts have commented on the company. Barclays reaffirmed a “buy” rating and set a $134.00 price target on shares of Boston Properties in a research report on Tuesday, August 21st. SunTrust Banks lifted their price target on Boston Properties to $137.00 and gave the stock a “hold” rating in a research report on Monday, August 20th. Stifel Nicolaus lifted their price target on Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, August 2nd. TheStreet raised Boston Properties from a “c+” rating to a “b-” rating in a research report on Friday, August 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $118.00 price target on shares of Boston Properties in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $132.79.
Several hedge funds have recently made changes to their positions in BXP. Toronto Dominion Bank grew its stake in shares of Boston Properties by 25.2% in the 1st quarter. Toronto Dominion Bank now owns 83,196 shares of the real estate investment trust’s stock valued at $10,248,000 after purchasing an additional 16,722 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Boston Properties by 3.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 198,188 shares of the real estate investment trust’s stock valued at $24,439,000 after purchasing an additional 5,906 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Boston Properties by 24.3% in the 1st quarter. Norinchukin Bank The now owns 15,330 shares of the real estate investment trust’s stock valued at $1,889,000 after purchasing an additional 2,992 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Boston Properties by 4.1% in the 1st quarter. California Public Employees Retirement System now owns 399,072 shares of the real estate investment trust’s stock valued at $49,174,000 after purchasing an additional 15,877 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Boston Properties by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,327,691 shares of the real estate investment trust’s stock valued at $286,819,000 after purchasing an additional 63,228 shares during the last quarter. Institutional investors own 95.31% of the company’s stock.
Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.73). Boston Properties had a net margin of 20.23% and a return on equity of 6.71%. The company had revenue of $664.48 million during the quarter, compared to analysts’ expectations of $667.92 million. During the same quarter last year, the business posted $1.67 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. equities analysts expect that Boston Properties will post 6.37 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $3.20 annualized dividend and a dividend yield of 2.64%.
Boston Properties Company Profile
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.
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