Boston Properties, Inc. (BXP) Stake Lifted by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC increased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,820 shares of the real estate investment trust’s stock after buying an additional 186 shares during the period. Boston Properties comprises approximately 1.7% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 27th largest holding. American Trust Investment Advisors LLC’s holdings in Boston Properties were worth $2,252,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BXP. Mason Street Advisors LLC raised its stake in Boston Properties by 1.2% in the 1st quarter. Mason Street Advisors LLC now owns 22,043 shares of the real estate investment trust’s stock valued at $2,951,000 after purchasing an additional 269 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Boston Properties by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,033 shares of the real estate investment trust’s stock valued at $1,209,000 after purchasing an additional 608 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Boston Properties by 132.1% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 76,663 shares of the real estate investment trust’s stock valued at $10,263,000 after purchasing an additional 43,637 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Boston Properties by 107.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,115 shares of the real estate investment trust’s stock valued at $551,000 after purchasing an additional 2,131 shares during the last quarter. Finally, Trillium Asset Management LLC raised its stake in Boston Properties by 4.8% in the 1st quarter. Trillium Asset Management LLC now owns 49,119 shares of the real estate investment trust’s stock valued at $6,576,000 after purchasing an additional 2,232 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Shares of BXP opened at $133.65 on Friday. Boston Properties, Inc. has a 52-week low of $107.84 and a 52-week high of $140.35. The firm has a market capitalization of $20.65 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 3.07 and a beta of 0.93. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.78 and a quick ratio of 3.78.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned $1.49 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Boston Properties, Inc. will post 6.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, March 28th. Boston Properties’s dividend payout ratio (DPR) is presently 60.32%.

Several research firms recently commented on BXP. Deutsche Bank increased their price objective on Boston Properties from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised Boston Properties from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Wednesday, April 10th. BTIG Research raised their target price on Boston Properties to $145.00 and gave the stock a “buy” rating in a research note on Thursday, January 31st. Evercore ISI raised 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. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $135.00 target price on shares of Boston Properties in a research note on Tuesday, January 29th. They noted that the move was a valuation call. One equities research 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. Boston Properties presently has an average rating of “Hold” and a consensus target price of $136.71.

In related news, insider Bryan J. Koop sold 5,616 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $133.95, for a total transaction of $752,263.20. Following the completion of the sale, the insider now directly owns 10,175 shares of the company’s stock, valued at approximately $1,362,941.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Frank D. Burt sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $133.64, for a total value of $267,280.00. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by company insiders.

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Boston Properties 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.

Further Reading: Mutual Funds

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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