Westwood Management Corp IL held its stake in shares of Boston Properties, Inc. (NYSE:BXP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,600 shares of the real estate investment trust’s stock at the end of the second quarter. Westwood Management Corp IL’s holdings in Boston Properties were worth $812,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the company. Brookfield Asset Management Inc. purchased a new stake in Boston Properties during the fourth quarter valued at approximately $83,988,000. UBS Asset Management Americas Inc. increased its stake 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 valued at $81,667,000 after buying an additional 28,054 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in Boston Properties during the fourth quarter valued at approximately $379,000. Teachers Advisors LLC increased its stake 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 valued at $120,692,000 after buying an additional 37,498 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Boston Properties during the fourth quarter valued at approximately $1,403,000. Institutional investors and hedge funds own 93.80% of the company’s stock.
Boston Properties, Inc. (NYSE:BXP) traded down 1.02% on Friday, reaching $119.83. The company’s stock had a trading volume of 866,242 shares. The stock has a market cap of $18.49 billion, a PE ratio of 40.62 and a beta of 0.64. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $143.65. The company’s 50 day moving average price is $121.09 and its 200-day moving average price is $127.39.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.05. The firm had revenue of $656.90 million for the quarter, compared to the consensus estimate of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. On average, equities analysts expect that Boston Properties, Inc. will post $2.78 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a $0.75 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.50%. Boston Properties’s dividend payout ratio (DPR) is currently 102.04%.
Several equities research analysts have recently commented on BXP shares. Evercore ISI restated an “in-line” rating and set a $133.00 price objective (down previously from $138.00) on shares of Boston Properties in a report on Friday, April 28th. Barclays PLC decreased their price objective on Boston Properties from $141.00 to $137.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $127.00 price objective on shares of Boston Properties in a report on Thursday, June 22nd. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, TheStreet cut Boston Properties from a “b-” rating to a “c” rating in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Boston Properties currently has an average rating of “Hold” and a consensus target price of $134.73.
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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