Nisa Investment Advisors LLC Has $8,361,000 Stake in Boston Properties Inc. (BXP)
Nisa Investment Advisors LLC boosted its stake in Boston Properties Inc. (NYSE:BXP) by 24.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,345 shares of the company’s stock after buying an additional 11,864 shares during the period. Nisa Investment Advisors LLC’s holdings in Boston Properties were worth $8,361,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Adams Diversified Equity Fund Inc. purchased a new position in Boston Properties during the second quarter valued at $11,251,000. Mizuho Trust & Banking Co. Ltd. increased its position in Boston Properties by 1.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 270,992 shares of the company’s stock valued at $35,744,000 after buying an additional 5,013 shares during the period. Royal Bank of Canada increased its position in Boston Properties by 89.5% in the first quarter. Royal Bank of Canada now owns 318,699 shares of the company’s stock valued at $40,500,000 after buying an additional 150,542 shares during the period. Bank of Montreal Can purchased a new position in Boston Properties during the second quarter valued at $123,626,000. Finally, Green Street Investors LLC purchased a new position in Boston Properties during the second quarter valued at $11,370,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Boston Properties Inc. (NYSE:BXP) traded up 1.43% during trading on Tuesday, reaching $125.55. 662,105 shares of the company were exchanged. The company has a 50 day moving average price of $122.74 and a 200-day moving average price of $131.61. The stock has a market capitalization of $19.31 billion, a price-to-earnings ratio of 39.11 and a beta of 0.63. Boston Properties Inc. has a one year low of $107.28 and a one year high of $144.02.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by $0.01. The business had revenue of $625.23 million for the quarter, compared to the consensus estimate of $621.99 million. Boston Properties had a return on equity of 6.54% and a net margin of 19.83%. Boston Properties’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 earnings per share. Equities analysts predict that Boston Properties Inc. will post $5.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.60 annualized dividend and a dividend yield of 2.11%. Boston Properties’s dividend payout ratio is currently 81.00%.
Several research analysts have recently weighed in on BXP shares. TheStreet downgraded shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Bank of America Corp. cut shares of Boston Properties from a “buy” rating to a “neutral” rating and set a $148.00 price target for the company. in a report on Friday, October 14th. BTIG Research started coverage on shares of Boston Properties in a report on Thursday, August 25th. They set a “neutral” rating for the company. Stifel Nicolaus cut shares of Boston Properties from a “buy” rating to a “hold” rating and decreased their price target for the stock from $140.00 to $120.00 in a report on Thursday, October 27th. They noted that the move was a valuation call. Finally, Evercore ISI cut shares of Boston Properties from a “buy” rating to a “hold” rating and raised their price target for the stock from $147.00 to $149.00 in a report on Monday, August 22nd. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Boston Properties presently has a consensus rating of “Hold” and an average target price of $144.47.
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. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.
Receive News & Stock Ratings for Boston Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties Inc. and related stocks with our FREE daily email newsletter.