Boston Properties, Inc. (BXP) Stake Increased by Dupont Capital Management Corp

Dupont Capital Management Corp boosted its stake in Boston Properties, Inc. (NYSE:BXP) by 39.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,168 shares of the real estate investment trust’s stock after buying an additional 7,366 shares during the period. Dupont Capital Management Corp’s holdings in Boston Properties were worth $3,219,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BXP. 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 valued at $5,496,000 after buying an additional 14,998 shares in 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 valued at $4,651,000 after buying an additional 31,676 shares in 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 valued at $2,939,641,000 after buying an additional 398,674 shares in the last quarter. Credit Suisse AG boosted its stake 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 period. Finally, World Asset Management Inc boosted its stake 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 period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties, Inc. (NYSE BXP) opened at 121.06 on Friday. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $143.65. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 41.04 and a beta of 0.64. The stock’s 50 day moving average is $121.18 and its 200-day moving average is $127.46.

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, topping analysts’ consensus estimates of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The business had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. During the same period last year, the company posted $1.44 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Boston Properties, Inc. will post $2.78 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 paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.48%. Boston Properties’s payout ratio is currently 102.04%.

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A number of equities research analysts recently commented on the stock. Royal Bank Of Canada cut shares of Boston Properties from a “top pick” rating to an “outperform” rating and lowered their price target for the stock from $150.00 to $140.00 in a report on Thursday. BidaskClub raised shares of Boston Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 price target on shares of Boston Properties in a report on Friday, July 14th. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $134.73.

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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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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