Sound Income Strategies LLC Acquires 590 Shares of Boston Properties, Inc. (NYSE:BXP)

Sound Income Strategies LLC lifted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 18.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,800 shares of the real estate investment trust’s stock after acquiring an additional 590 shares during the quarter. Sound Income Strategies LLC’s holdings in Boston Properties were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Mercer Global Advisors Inc. ADV increased its holdings in shares of Boston Properties by 92.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 13,831 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 6,642 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Boston Properties by 5.8% during the 2nd quarter. ProShare Advisors LLC now owns 25,520 shares of the real estate investment trust’s stock worth $1,571,000 after buying an additional 1,403 shares during the period. Public Sector Pension Investment Board grew its stake in Boston Properties by 17.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 19,916 shares of the real estate investment trust’s stock valued at $1,226,000 after buying an additional 3,016 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Boston Properties by 61.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 28,578 shares of the real estate investment trust’s stock valued at $1,759,000 after acquiring an additional 10,928 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 386 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BXP has been the topic of a number of recent research reports. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Mizuho lowered their price objective on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Barclays boosted their target price on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a research report on Thursday, November 7th. Finally, Wedbush raised shares of Boston Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.00.

Boston Properties Price Performance

BXP stock opened at $73.65 on Friday. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. The company’s fifty day simple moving average is $76.57 and its 200 day simple moving average is $76.30. Boston Properties, Inc. has a 12-month low of $56.46 and a 12-month high of $90.11. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 0.50 and a beta of 1.18.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. During the same period in the prior year, the company earned $1.86 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that Boston Properties, Inc. will post 7.1 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Tuesday, December 31st. Boston Properties’s payout ratio is presently 169.70%.

Boston Properties 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.