Candriam Luxembourg S.C.A. grew its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,970 shares of the real estate investment trust’s stock after buying an additional 492 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Boston Properties were worth $1,947,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amica Retiree Medical Trust purchased a new stake in Boston Properties during the third quarter worth approximately $105,000. NewSquare Capital LLC grew its stake in Boston Properties by 12,184.0% during the third quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 121,840 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in Boston Properties during the third quarter worth approximately $125,000. Americafirst Capital Management LLC purchased a new stake in Boston Properties during the third quarter worth approximately $169,000. Finally, Huntington National Bank grew its stake in Boston Properties by 397.1% during the fourth quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,219 shares during the period. Institutional investors own 94.98% of the company’s stock.
A number of research firms have recently commented on BXP. Bank of America raised shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Thursday, February 15th. BMO Capital Markets set a $130.00 target price on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday, February 12th. Edward Jones raised shares of Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Robert W. Baird reissued a “hold” rating and set a $134.00 target price on shares of Boston Properties in a research report on Wednesday, January 31st. Finally, Barclays reduced their target price on shares of Boston Properties from $135.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $132.09.
Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.02. The firm had revenue of $655.23 million for the quarter, compared to analysts’ expectations of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. research analysts anticipate that Boston Properties, Inc. will post 6.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were issued a $0.80 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.68%. Boston Properties’s dividend payout ratio is currently 109.22%.
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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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