V Square Quantitative Management LLC Purchases 616 Shares of Boston Properties, Inc. (NYSE:BXP)

V Square Quantitative Management LLC raised its position in Boston Properties, Inc. (NYSE:BXP) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,916 shares of the real estate investment trust’s stock after buying an additional 616 shares during the period. V Square Quantitative Management LLC’s holdings in Boston Properties were worth $345,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BXP. Heitman Real Estate Securities LLC lifted its holdings in Boston Properties by 40.1% during the fourth quarter. Heitman Real Estate Securities LLC now owns 686,764 shares of the real estate investment trust’s stock worth $48,190,000 after acquiring an additional 196,440 shares during the period. Bragg Financial Advisors Inc raised its stake in shares of Boston Properties by 7.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 55,706 shares of the real estate investment trust’s stock worth $3,909,000 after purchasing an additional 3,644 shares during the period. Power Corp of Canada purchased a new position in shares of Boston Properties in the 4th quarter worth about $4,509,000. Redwood Investment Management LLC bought a new position in Boston Properties during the fourth quarter valued at about $2,455,000. Finally, Sei Investments Co. increased its holdings in Boston Properties by 29.1% during the fourth quarter. Sei Investments Co. now owns 796,055 shares of the real estate investment trust’s stock worth $55,859,000 after buying an additional 179,607 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BXP shares. Wedbush reduced their target price on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. BMO Capital Markets reduced their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Evercore ISI cut their price target on Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Finally, Barclays lowered their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.93.

Boston Properties Price Performance

NYSE:BXP opened at $61.64 on Monday. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 50.52, a P/E/G ratio of 0.43 and a beta of 1.15. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. The stock has a fifty day moving average of $60.88 and a 200 day moving average of $64.46. Boston Properties, Inc. has a 52-week low of $50.64 and a 52-week high of $73.97.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The company had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 earnings per share. On average, research analysts expect that Boston Properties, Inc. will post 7.05 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 6.36%. The ex-dividend date is Friday, June 28th. Boston Properties’s dividend payout ratio is presently 321.31%.

Boston Properties Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.