Sumitomo Life Insurance Co. increased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,185 shares of the real estate investment trust’s stock after buying an additional 639 shares during the period. Sumitomo Life Insurance Co.’s holdings in Boston Properties were worth $1,868,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its stake in shares of 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 during the period. Kentucky Retirement Systems acquired a new stake in shares of Boston Properties during the fourth quarter valued at approximately $1,403,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Boston Properties during the fourth quarter valued at approximately $626,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Boston Properties by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 133,367 shares of the real estate investment trust’s stock valued at $17,659,000 after buying an additional 4,323 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Boston Properties during the first quarter worth about $232,000. Institutional investors and hedge funds own 93.80% of the company’s stock.
Boston Properties, Inc. (NYSE:BXP) traded down 1.02% during trading on Friday, reaching $119.83. 866,242 shares of the company’s stock traded hands. The stock has a market capitalization of $18.49 billion, a P/E ratio of 40.62 and a beta of 0.64. Boston Properties, Inc. has a 1-year low of $113.69 and a 1-year high of $143.65. The stock has a 50-day moving average price of $121.09 and a 200 day moving average price of $127.39.
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 firm had revenue of $656.90 million for the quarter, compared to analyst estimates of $645.96 million. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Boston Properties, Inc. will post $2.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 2.50%. Boston Properties’s payout ratio is presently 102.04%.
A number of equities analysts recently issued reports on BXP shares. Evercore ISI restated an “in-line” rating and issued a $133.00 target price (down previously from $138.00) on shares of Boston Properties in a research note on Friday, April 28th. Barclays PLC reduced their price objective on Boston Properties from $141.00 to $137.00 and set an “overweight” rating for the company in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $127.00 target price on shares of Boston Properties in a research 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 report on Wednesday, May 17th. 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. Boston Properties has a consensus rating of “Hold” and a consensus price target 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.
Receive News & Ratings for Boston Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.