UBS Asset Management Americas Inc. lifted its stake in Boston Properties, Inc. (NYSE:BXP) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,201,067 shares of the real estate investment trust’s stock after buying an additional 36,911 shares during the period. UBS Asset Management Americas Inc.’s holdings in Boston Properties were worth $113,537,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Tompkins Financial Corp acquired a new position in Boston Properties during the 4th quarter valued at $28,000. First Horizon Advisors Inc. increased its holdings in shares of Boston Properties by 128.5% during the 4th quarter. First Horizon Advisors Inc. now owns 345 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 194 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Boston Properties during the fourth quarter valued at about $33,000. Vantage Consulting Group Inc bought a new stake in shares of Boston Properties in the fourth quarter valued at about $37,000. Finally, Huntington National Bank lifted its stake in shares of Boston Properties by 76.7% in the fourth quarter. Huntington National Bank now owns 615 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 267 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Raymond A. Ritchey sold 5,000 shares of the company’s stock in a transaction dated Friday, March 26th. The stock was sold at an average price of $105.20, for a total transaction of $526,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,000 shares of the company’s stock, valued at $5,786,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.98% of the company’s stock.
NYSE BXP opened at $104.70 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 7.03 and a current ratio of 7.03. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 6.54 and a beta of 1.24. The business has a 50 day simple moving average of $102.57 and a 200 day simple moving average of $92.95. Boston Properties, Inc. has a 52-week low of $69.69 and a 52-week high of $110.36.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Monday, January 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.54). The company had revenue of $665.09 million for the quarter, compared to the consensus estimate of $687.36 million. Boston Properties had a return on equity of 12.31% and a net margin of 35.17%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. On average, analysts predict that Boston Properties, Inc. will post 6.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Wednesday, March 31st will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Tuesday, March 30th. Boston Properties’s dividend payout ratio is 55.92%.
A number of analysts have commented on BXP shares. JPMorgan Chase & Co. downgraded Boston Properties from a “neutral” rating to an “underweight” rating and set a $86.00 price objective for the company. in a research report on Monday, December 21st. Smith Barney Citigroup raised their target price on Boston Properties from $87.00 to $105.00 in a research report on Tuesday, December 15th. Deutsche Bank Aktiengesellschaft lowered shares of Boston Properties from a “buy” rating to a “hold” rating and set a $103.00 price target on the stock. in a report on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Boston Properties from $87.00 to $105.00 in a report on Tuesday, December 15th. Finally, Morgan Stanley upped their price objective on shares of Boston Properties from $91.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, December 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $100.69.
Boston Properties Company Profile
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner 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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