Public Employees Retirement System of Ohio Boosts Stake in Boston Properties, Inc. (NYSE:BXP)

Public Employees Retirement System of Ohio increased its stake in Boston Properties, Inc. (NYSE:BXP) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,050 shares of the real estate investment trust’s stock after purchasing an additional 2,046 shares during the quarter. Public Employees Retirement System of Ohio owned 0.16% of Boston Properties worth $31,474,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. APG Asset Management US Inc. boosted its stake in shares of Boston Properties by 0.5% during the 4th quarter. APG Asset Management US Inc. now owns 6,575,292 shares of the real estate investment trust’s stock worth $854,985,000 after acquiring an additional 34,200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Boston Properties by 6.0% during 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 acquiring an additional 228,106 shares during the last quarter. PGGM Investments boosted its stake 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 acquiring an additional 734,542 shares during the last quarter. Boston Partners raised its position in shares of Boston Properties by 3.8% during the 4th quarter. Boston Partners now owns 2,675,714 shares of the real estate investment trust’s stock valued at $347,923,000 after purchasing an additional 98,927 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Boston Properties by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,215,332 shares of the real estate investment trust’s stock valued at $272,220,000 after purchasing an additional 46,542 shares during the period. Institutional investors own 94.98% of the company’s stock.

Shares of Boston Properties, Inc. (NYSE BXP) traded down $0.99 during midday trading on Wednesday, reaching $118.40. 213,676 shares of the company’s stock were exchanged, compared to its average volume of 923,879. Boston Properties, Inc. has a one year low of $111.57 and a one year high of $140.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.43. The company has a market cap of $18,463.48, a P/E ratio of 40.75, a P/E/G ratio of 3.26 and a beta of 0.58.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. During the same period in the previous year, the firm posted $0.94 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. equities analysts anticipate that Boston Properties, Inc. will post 6.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th were issued a $0.80 dividend. The ex-dividend date of this dividend was 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 dividend yield of 2.70%. Boston Properties’s payout ratio is 109.22%.

Several analysts have recently commented on BXP shares. BMO Capital Markets set a $130.00 price objective on shares of Boston Properties and gave the company a “hold” rating in a research report on Monday, February 12th. Mizuho restated a “hold” rating and set a $122.00 price objective on shares of Boston Properties in a research report on Friday, November 3rd. SunTrust Banks set a $127.00 price objective on shares of Boston Properties and gave the company a “hold” rating in a research report on Monday, January 22nd. Bank of America upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Thursday, February 15th. Finally, Robert W. Baird restated a “hold” rating and set a $134.00 price objective on shares of Boston Properties in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently 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.

Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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