Exxonmobil Investment Management Inc. TX trimmed its holdings in Boston Properties, Inc. (NYSE:BXP) by 12.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,537 shares of the real estate investment trust’s stock after selling 3,644 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Boston Properties were worth $3,191,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Boston Properties by 2.4% in the 2nd quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock worth $1,844,893,000 after purchasing an additional 346,189 shares during the period. APG Asset Management US Inc. boosted its stake in Boston Properties by 1.1% in the 3rd quarter. APG Asset Management US Inc. now owns 6,541,092 shares of the real estate investment trust’s stock worth $803,769,000 after purchasing an additional 69,000 shares during the period. JPMorgan Chase & Co. boosted its stake in Boston Properties by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,045,846 shares of the real estate investment trust’s stock worth $496,710,000 after purchasing an additional 228,106 shares during the period. Boston Partners boosted its stake in Boston Properties by 0.4% in the 3rd quarter. Boston Partners now owns 2,576,787 shares of the real estate investment trust’s stock worth $316,636,000 after purchasing an additional 9,060 shares during the period. Finally, Northern Trust Corp boosted its stake in Boston Properties by 1.0% in the 2nd quarter. Northern Trust Corp now owns 2,401,500 shares of the real estate investment trust’s stock worth $295,432,000 after purchasing an additional 23,724 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.
BXP has been the subject of several recent analyst reports. Jefferies Group restated a “hold” rating and issued a $124.00 price target on shares of Boston Properties in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks reiterated a “hold” rating and set a $130.00 target price on shares of Boston Properties in a research report on Monday, October 9th. BMO Capital Markets downgraded Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 target price for the company. in a research report on Tuesday. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $131.00.
Boston Properties, Inc. (BXP) opened at $122.33 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $19,114.36, a P/E ratio of 19.79, a PEG ratio of 3.48 and a beta of 0.63. Boston Properties, Inc. has a 52-week low of $116.77 and a 52-week high of $140.13.
Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. sell-side analysts predict that Boston Properties, Inc. will post 6.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a $0.80 dividend. The ex-dividend date is Thursday, December 28th. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.62%. Boston Properties’s dividend payout ratio (DPR) is currently 100.00%.
About Boston Properties
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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