NN Investment Partners Holdings N.V. reduced its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 92.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,855 shares of the real estate investment trust’s stock after selling 465,737 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Boston Properties were worth $4,783,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in BXP. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Boston Properties during the 3rd quarter worth approximately $209,000. Atria Investments LLC acquired a new position in Boston Properties during the 3rd quarter worth approximately $226,000. Piedmont Investment Advisors LLC acquired a new position in Boston Properties during the 2nd quarter worth approximately $227,000. Fieldpoint Private Securities LLC grew its holdings in Boston Properties by 53.6% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 700 shares in the last quarter. Finally, Federated Investors Inc. PA grew its holdings in Boston Properties by 91.9% during the 2nd quarter. Federated Investors Inc. PA now owns 2,007 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 961 shares in the last quarter. 94.36% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Barclays restated a “buy” rating and issued a $134.00 target price on shares of Boston Properties in a report on Tuesday, August 21st. TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. SunTrust Banks upped their target price on shares of Boston Properties to $137.00 and gave the company a “hold” rating in a report on Monday, August 20th. Finally, Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Boston Properties currently has an average rating of “Hold” and a consensus target price of $134.67.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The business had revenue of $686.28 million during the quarter, compared to analysts’ expectations of $674.30 million. During the same quarter in the prior year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts expect that Boston Properties, Inc. will post 6.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, September 27th.
About Boston Properties
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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