Entropy Technologies LP Takes Position in Boston Properties, Inc. (NYSE:BXP)

Entropy Technologies LP bought a new stake in Boston Properties, Inc. (NYSE:BXP) in the first quarter, Holdings Channel reports. The institutional investor bought 22,735 shares of the real estate investment trust’s stock, valued at approximately $1,485,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ieq Capital LLC increased its holdings in Boston Properties by 1.5% in the fourth quarter. Ieq Capital LLC now owns 11,184 shares of the real estate investment trust’s stock valued at $785,000 after buying an additional 164 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Boston Properties by 2.8% in the first quarter. First Trust Direct Indexing L.P. now owns 6,620 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 182 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Boston Properties by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 3,348 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 199 shares during the last quarter. Carson Advisory Inc. boosted its position in Boston Properties by 4.3% during the fourth quarter. Carson Advisory Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 202 shares during the last quarter. Finally, Cambridge Trust Co. boosted its position in Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 250 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Boston Properties Stock Up 2.7 %

Boston Properties stock traded up $1.86 during midday trading on Thursday, hitting $70.41. 97,742 shares of the stock were exchanged, compared to its average volume of 1,332,180. The firm has a market cap of $11.06 billion, a P/E ratio of 56.18, a P/E/G ratio of 0.45 and a beta of 1.18. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 4.77. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $73.97. The company has a 50 day moving average price of $61.70 and a two-hundred day moving average price of $63.71.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.22). The company had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. Boston Properties’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.73 earnings per share. On average, sell-side analysts predict that Boston Properties, Inc. will post 7.04 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.57%. The ex-dividend date is Friday, June 28th. Boston Properties’s dividend payout ratio is currently 321.31%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wedbush decreased their target price on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Barclays cut their price target on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a research note on Thursday, June 20th. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Finally, Evercore ISI cut their target price on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Boston Properties currently has an average rating of “Hold” and an average price target of $69.60.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.