Wealthstreet Investment Advisors LLC reduced its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 1.2% in the 1st quarter, HoldingsChannel reports. The fund owned 17,298 shares of the real estate investment trust’s stock after selling 202 shares during the period. Wealthstreet Investment Advisors LLC’s holdings in Boston Properties were worth $2,316,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. JOYN Advisors Inc. grew its stake in shares of Boston Properties by 63.3% in the fourth quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Boston Properties in the fourth quarter valued at $33,000. Flagship Harbor Advisors LLC grew its stake in shares of Boston Properties by 200.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Loeb Partners Corp bought a new position in shares of Boston Properties in the fourth quarter valued at $33,000. Finally, Shine Investment Advisory Services Inc. grew its stake in shares of Boston Properties by 58.7% in the first quarter. Shine Investment Advisory Services Inc. now owns 246 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 91 shares in the last quarter. 96.74% of the stock is owned by institutional investors.
In other news, SVP Frank D. Burt sold 2,000 shares of Boston Properties stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $133.64, for a total transaction of $267,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.99% of the stock is currently owned by company insiders.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.06. Boston Properties had a return on equity of 6.31% and a net margin of 18.15%. The business had revenue of $725.80 million during the quarter, compared to the consensus estimate of $703.16 million. During the same quarter last year, the firm posted $1.49 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts anticipate that Boston Properties, Inc. will post 6.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 28th. Boston Properties’s dividend payout ratio is 60.32%.
Several research firms recently weighed in on BXP. Zacks Investment Research cut shares of Boston Properties from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Deutsche Bank raised their target price on shares of Boston Properties from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Evercore ISI raised shares of Boston Properties from an “in-line” rating to an “outperform” rating and set a $131.51 target price for the company in a research note on Monday, March 25th. ValuEngine downgraded Boston Properties from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Morgan Stanley downgraded Boston Properties from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $130.00 to $116.00 in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $136.71.
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Boston Properties Company 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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