Boston Properties, Inc. (BXP) Stake Decreased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,283 shares of the real estate investment trust’s stock after selling 230 shares during the period. Gateway Investment Advisers LLC’s holdings in Boston Properties were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackay Shields LLC raised its holdings in shares of Boston Properties by 13.8% during the fourth quarter. Mackay Shields LLC now owns 32,456 shares of the real estate investment trust’s stock valued at $3,653,000 after buying an additional 3,942 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Boston Properties by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 72,761 shares of the real estate investment trust’s stock valued at $8,187,000 after buying an additional 676 shares during the last quarter. Resolution Capital Ltd raised its holdings in shares of Boston Properties by 18.6% during the fourth quarter. Resolution Capital Ltd now owns 6,007,941 shares of the real estate investment trust’s stock valued at $77,322,000 after buying an additional 943,094 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Boston Properties by 5.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 164,000 shares of the real estate investment trust’s stock valued at $18,459,000 after buying an additional 9,000 shares during the last quarter. Finally, Timbercreek Investment Management Inc. raised its holdings in shares of Boston Properties by 28.6% during the fourth quarter. Timbercreek Investment Management Inc. now owns 119,930 shares of the real estate investment trust’s stock valued at $13,498,000 after buying an additional 26,700 shares during the last quarter. 95.68% of the stock is currently owned by institutional investors.

Shares of NYSE:BXP opened at $134.26 on Wednesday. Boston Properties, Inc. has a 12 month low of $107.84 and a 12 month high of $139.41. The company has a market cap of $21.18 billion, a P/E ratio of 21.31, a PEG ratio of 3.15 and a beta of 0.93. The company has a current ratio of 4.81, a quick ratio of 4.81 and a debt-to-equity ratio of 1.37.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 29th. The real estate investment trust reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.72). Boston Properties had a return on equity of 7.28% and a net margin of 21.45%. The firm had revenue of $651.17 million for the quarter, compared to the consensus estimate of $634.12 million. As a group, analysts anticipate that Boston Properties, Inc. will post 6.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, March 28th. This represents a $3.80 annualized dividend and a yield of 2.83%. Boston Properties’s payout ratio is 60.32%.

BXP has been the topic of a number of recent analyst reports. BTIG Research raised Boston Properties from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Wednesday, January 9th. Zacks Investment Research reaffirmed a “buy” rating and set a $132.00 price target on shares of Boston Properties in a report on Monday, December 31st. ValuEngine raised Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 4th. BMO Capital Markets reissued a “hold” rating and set a $135.00 target price on shares of Boston Properties in a report on Tuesday, January 29th. They noted that the move was a valuation call. Finally, Deutsche Bank boosted their target price on Boston Properties from $134.00 to $138.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $135.89.

In related news, SVP Frank D. Burt sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $133.64, for a total transaction of $267,280.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.88% of the stock is owned by insiders.

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Boston Properties Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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

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