Boston Properties, Inc. (NYSE:BXP) Holdings Cut by Tredje AP fonden

Tredje AP fonden decreased its stake in Boston Properties, Inc. (NYSE:BXP) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,946 shares of the real estate investment trust’s stock after selling 366 shares during the period. Tredje AP fonden’s holdings in Boston Properties were worth $1,474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings in shares of Boston Properties by 115.5% in the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 395 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Boston Properties during the second quarter valued at approximately $91,000. Sound Income Strategies LLC boosted its position in shares of Boston Properties by 198.1% during the first quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 949 shares during the period. Finally, Mather Group LLC. bought a new position in Boston Properties in the 1st quarter worth approximately $108,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Boston Properties Stock Down 1.6 %

Shares of Boston Properties stock opened at $81.02 on Friday. Boston Properties, Inc. has a 12-month low of $50.64 and a 12-month high of $83.85. The firm has a market capitalization of $12.72 billion, a PE ratio of 66.41, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. The stock’s fifty day moving average is $72.20 and its 200-day moving average is $65.37.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.21). Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. During the same quarter in the previous year, the firm posted $1.86 EPS. Boston Properties’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts anticipate that Boston Properties, Inc. will post 7.11 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a $0.98 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.92 annualized dividend and a dividend yield of 4.84%. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BXP. Barclays cut their target price 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. Wells Fargo & Company increased their target price on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Wedbush upped their price target on shares of Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI upped their target price on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Scotiabank lifted their price target on Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a research report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $74.08.

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.