NJ State Employees Deferred Compensation Plan held its position in Boston Properties, Inc. (NYSE:BXP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,000 shares of the real estate investment trust’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Boston Properties were worth $492,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Toronto Dominion Bank boosted its position in Boston Properties by 56.6% in the first quarter. Toronto Dominion Bank now owns 41,515 shares of the real estate investment trust’s stock worth $5,496,000 after buying an additional 14,998 shares during the last quarter. Vanguard Group Inc. boosted its position in Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after buying an additional 398,674 shares during the last quarter. Credit Suisse AG boosted its position in Boston Properties by 7.4% in the first quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock worth $92,519,000 after buying an additional 48,354 shares during the last quarter. Bank of Nova Scotia boosted its position in Boston Properties by 917.9% in the first quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock worth $4,651,000 after buying an additional 31,676 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Boston Properties by 10.5% in the first quarter. World Asset Management Inc now owns 18,086 shares of the real estate investment trust’s stock worth $2,395,000 after buying an additional 1,725 shares during the last quarter. 94.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boston Properties, Inc. (BXP) opened at 122.75 on Tuesday. The stock has a market capitalization of $18.89 billion, a PE ratio of 45.30 and a beta of 0.64. The stock’s 50 day moving average price is $122.34 and its 200 day moving average price is $128.10. Boston Properties, Inc. has a one year low of $113.69 and a one year high of $144.02.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, beating the 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 period last year, the company earned $1.44 earnings per share. Boston Properties’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Boston Properties, Inc. will post $2.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, June 28th. Boston Properties’s payout ratio is currently 102.04%.
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A number of research analysts have recently weighed in on BXP shares. Evercore ISI reaffirmed an “in-line” rating and set a $133.00 price objective (down from $138.00) on shares of Boston Properties in a research report on Friday, April 28th. Barclays PLC lowered their price objective on Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $127.00 price objective on shares of Boston Properties in a research report on Thursday, June 22nd. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, TheStreet cut Boston Properties from a “b-” rating to a “c” rating in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $136.33.
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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