Meag Munich Ergo Kapitalanlagegesellschaft MBH held its position in Boston Properties, Inc. (NYSE:BXP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,100 shares of the real estate investment trust’s stock at the end of the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Boston Properties were worth $9,110,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Brookfield Asset Management Inc. bought a new position in Boston Properties during the fourth quarter worth $83,988,000. UBS Asset Management Americas Inc. boosted its position in Boston Properties by 4.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 649,290 shares of the real estate investment trust’s stock worth $81,667,000 after buying an additional 28,054 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Boston Properties during the fourth quarter worth $379,000. Teachers Advisors LLC boosted its position in Boston Properties by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 959,546 shares of the real estate investment trust’s stock worth $120,692,000 after buying an additional 37,498 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new position in Boston Properties during the fourth quarter worth $1,403,000. Institutional investors own 94.52% of the company’s stock.
Boston Properties, Inc. (NYSE BXP) opened at 120.05 on Friday. The firm’s 50-day moving average is $121.48 and its 200 day moving average is $127.72. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $143.90. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 40.69 and a beta of 0.64.
Boston Properties (NYSE:BXP) last posted its quarterly earnings results 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. The company had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. On average, equities research analysts expect that Boston Properties, Inc. will post $2.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.50%. 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 equities analysts have weighed in on BXP shares. Barclays PLC upped their price objective on shares of Boston Properties from $139.00 to $141.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Evercore ISI reiterated an “in-line” rating and issued a $133.00 target price (down from $138.00) on shares of Boston Properties in a research report on Friday, April 28th. TheStreet cut shares of Boston Properties from a “b-” rating to a “c” rating in a research report on Wednesday, May 17th. BidaskClub upgraded shares of Boston Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Boston Properties has an average rating of “Hold” and a consensus price target of $135.64.
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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