Independent Order of Foresters increased its stake in Boston Properties, Inc. (NYSE:BXP) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,443 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. Boston Properties accounts for approximately 2.9% of Independent Order of Foresters’ holdings, making the stock its 12th largest position. Independent Order of Foresters’ holdings in Boston Properties were worth $3,499,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC raised its position in Boston Properties by 12,201.8% in the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 13,422 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Boston Properties during the first quarter valued at approximately $200,000. Atria Investments LLC acquired a new stake in shares of Boston Properties during the first quarter valued at approximately $224,000. Raymond James Trust N.A. acquired a new stake in shares of Boston Properties during the first quarter valued at approximately $232,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Boston Properties during the second quarter valued at approximately $252,000. Institutional investors and hedge funds own 93.80% of the company’s stock.
Boston Properties, Inc. (NYSE:BXP) traded down 1.02% during mid-day trading on Friday, hitting $119.83. The company had a trading volume of 866,242 shares. The company’s 50 day moving average price is $121.09 and its 200-day moving average price is $127.39. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $143.65. The firm has a market capitalization of $18.49 billion, a PE ratio of 40.62 and a beta of 0.64.
Boston Properties (NYSE:BXP) last issued 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 Thomson Reuters’ consensus estimate of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The company had revenue of $656.90 million during the quarter, compared to analyst estimates of $645.96 million. During the same quarter last year, the business posted $1.44 EPS. Boston Properties’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Boston Properties, Inc. will post $2.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.50%. Boston Properties’s payout ratio is currently 102.04%.
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Several research firms have issued reports on BXP. Royal Bank Of Canada downgraded Boston Properties from a “top pick” rating to an “outperform” rating and dropped their price target for the company from $150.00 to $140.00 in a research note on Thursday. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Barclays PLC dropped their price target on Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two investment 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 has an average rating of “Hold” and an average 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.
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