AXA lifted its position in shares of Boston Properties, Inc. (NYSE:BXP) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 160,960 shares of the real estate investment trust’s stock after acquiring an additional 15,055 shares during the period. AXA owned 0.10% of Boston Properties worth $20,930,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank grew its position in shares of Boston Properties by 0.8% during the third quarter. Swiss National Bank now owns 667,935 shares of the real estate investment trust’s stock worth $82,076,000 after acquiring an additional 5,300 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Boston Properties by 6.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 756,613 shares of the real estate investment trust’s stock worth $98,382,000 after purchasing an additional 44,759 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Boston Properties by 6.4% in the third quarter. Daiwa Securities Group Inc. now owns 27,676 shares of the real estate investment trust’s stock worth $3,401,000 after purchasing an additional 1,676 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Boston Properties by 16.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,264 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 607 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Boston Properties by 9.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,550 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 1,119 shares during the period. Institutional investors and hedge funds own 95.34% of the company’s stock.
Shares of Boston Properties, Inc. (NYSE BXP) opened at $125.91 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $19,383.51, a PE ratio of 20.22, a price-to-earnings-growth ratio of 3.43 and a beta of 0.60. Boston Properties, Inc. has a twelve month low of $111.57 and a twelve month high of $137.35.
Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.02. The firm had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. equities analysts expect that Boston Properties, Inc. will post 6.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.54%. Boston Properties’s payout ratio is presently 109.22%.
Several equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $134.00 price objective on shares of Boston Properties in a report on Thursday, February 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $133.00 price objective (down previously from $136.00) on shares of Boston Properties in a report on Tuesday. Argus reaffirmed a “buy” rating and issued a $138.00 price objective (down previously from $140.00) on shares of Boston Properties in a report on Monday, February 26th. Edward Jones raised shares of Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Zacks Investment Research downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $132.00.
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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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