Strs Ohio lowered its position in shares of Boston Properties, Inc. (NYSE:BXP) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 198,478 shares of the real estate investment trust’s stock after selling 6,581 shares during the quarter. Strs Ohio’s holdings in Boston Properties were worth $25,603,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of BXP. Principal Financial Group Inc. lifted its position in shares of Boston Properties by 77.5% during the 1st quarter. Principal Financial Group Inc. now owns 3,058,174 shares of the real estate investment trust’s stock worth $409,428,000 after buying an additional 1,335,446 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Boston Properties during the 1st quarter worth approximately $51,667,000. Jennison Associates LLC lifted its position in shares of Boston Properties by 139.6% during the 1st quarter. Jennison Associates LLC now owns 334,818 shares of the real estate investment trust’s stock worth $44,825,000 after buying an additional 195,067 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Boston Properties by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 2,437,060 shares of the real estate investment trust’s stock worth $273,894,000 after buying an additional 186,025 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Boston Properties by 1.0% during the 1st quarter. BlackRock Inc. now owns 16,286,406 shares of the real estate investment trust’s stock worth $2,180,423,000 after buying an additional 165,724 shares in the last quarter. 90.72% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on BXP shares. Zacks Investment Research cut shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Morgan Stanley raised their price target on shares of Boston Properties from $116.00 to $123.00 and gave the stock an “underweight” rating in a research note on Monday, June 17th. Finally, Deutsche Bank raised their price target on shares of Boston Properties from $134.00 to $138.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $137.50.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.68). Boston Properties had a return on equity of 6.80% and a net margin of 18.96%. The company had revenue of $733.74 million for the quarter, compared to analysts’ expectations of $725.14 million. During the same quarter in the previous year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts forecast that Boston Properties, Inc. will post 7.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were paid a $0.95 dividend. The ex-dividend date was Thursday, June 27th. This represents a $3.80 dividend on an annualized basis and a yield of 2.99%. Boston Properties’s dividend payout ratio is 60.32%.
In related news, insider Bryan J. Koop sold 4,121 shares of Boston Properties stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $134.40, for a total value of $553,862.40. Following the completion of the transaction, the insider now directly owns 585 shares in the company, valued at approximately $78,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan J. Koop sold 5,616 shares of Boston Properties stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total transaction of $752,263.20. Following the completion of the transaction, the insider now owns 10,175 shares of the company’s stock, valued at $1,362,941.25. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by insiders.
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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