Qube Research & Technologies Ltd trimmed its position in shares of Boston Properties, Inc. (NYSE:BXP) by 85.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,612 shares of the real estate investment trust’s stock after selling 9,284 shares during the period. Qube Research & Technologies Ltd’s holdings in Boston Properties were worth $208,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of BXP. Rational Advisors LLC boosted its holdings in Boston Properties by 66.4% during the first quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 81 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Boston Properties by 112.4% during the second quarter. Advisory Services Network LLC now owns 257 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 136 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Boston Properties by 1,804.8% during the second quarter. Cullen Frost Bankers Inc. now owns 400 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 379 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in Boston Properties during the first quarter valued at approximately $67,000. Finally, CWM LLC boosted its holdings in Boston Properties by 17,500.0% during the second quarter. CWM LLC now owns 528 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.
A number of equities research analysts have weighed in on BXP shares. Citigroup decreased their price objective on Boston Properties from $142.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Zacks Investment Research downgraded Boston Properties from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Finally, Morgan Stanley lifted their price objective on Boston Properties from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $136.96.
NYSE:BXP opened at $128.15 on Thursday. The stock’s fifty day moving average price is $130.14 and its two-hundred day moving average price is $132.82. Boston Properties, Inc. has a 52-week low of $107.84 and a 52-week high of $140.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.58 and a current ratio of 4.58. The company has a market cap of $19.84 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.96 and a beta of 0.87.
Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $733.74 million for the quarter, compared to analyst estimates of $725.14 million. During the same period in the prior year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts predict that Boston Properties, Inc. will post 7.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Thursday, June 27th. Boston Properties’s payout ratio is 60.32%.
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.
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