BlackRock Inc. raised its position in shares of Boston Properties, Inc. (NYSE:BXP) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,489,489 shares of the real estate investment trust’s stock after purchasing an additional 211,067 shares during the quarter. BlackRock Inc. owned 0.10% of Boston Properties worth $2,014,100,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. boosted its holdings in shares of Boston Properties by 6,461.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,815,988 shares of the real estate investment trust’s stock worth $236,133,000 after buying an additional 1,788,312 shares in the last quarter. PGGM Investments boosted its holdings in shares of Boston Properties by 33.2% during the 4th quarter. PGGM Investments now owns 2,950,000 shares of the real estate investment trust’s stock worth $383,588,000 after buying an additional 734,542 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Boston Properties by 44.4% during the 3rd quarter. American Century Companies Inc. now owns 1,420,314 shares of the real estate investment trust’s stock worth $174,528,000 after buying an additional 436,901 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Boston Properties by 173.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 621,030 shares of the real estate investment trust’s stock worth $76,326,000 after buying an additional 393,612 shares in the last quarter. Finally, Resolution Capital Ltd boosted its holdings in shares of Boston Properties by 100.9% during the 4th quarter. Resolution Capital Ltd now owns 505,898 shares of the real estate investment trust’s stock worth $65,782,000 after buying an additional 254,092 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.
Boston Properties, Inc. (NYSE BXP) opened at $119.64 on Friday. Boston Properties, Inc. has a twelve month low of $111.57 and a twelve month high of $140.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.43 and a quick ratio of 0.44. The stock has a market capitalization of $18,117.79, a price-to-earnings ratio of 40.83, a P/E/G ratio of 3.31 and a beta of 0.58.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.02. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The company had revenue of $655.23 million for the quarter, compared to analysts’ expectations of $654.36 million. During the same period last year, the business earned $0.94 EPS. Boston Properties’s quarterly revenue was up 3.0% compared to the same quarter last year. analysts predict that Boston Properties, Inc. will post 6.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were issued a $0.80 dividend. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, December 28th. Boston Properties’s dividend payout ratio (DPR) is currently 109.22%.
A number of equities analysts have issued reports on BXP shares. Jefferies Group restated a “hold” rating and set a $124.00 price target on shares of Boston Properties in a report on Tuesday, October 24th. Mizuho restated a “hold” rating and set a $122.00 price target on shares of Boston Properties in a report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Argus cut their price target on Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Finally, Royal Bank of Canada set a $140.00 price target on Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $132.09.
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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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