Sarasin & Partners LLP Boosts Stake in Boston Properties Inc. (BXP)
Sarasin & Partners LLP boosted its position in Boston Properties Inc. (NYSE:BXP) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,227 shares of the company’s stock after buying an additional 2,894 shares during the period. Sarasin & Partners LLP owned 0.14% of Boston Properties worth $29,742,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Euclid Advisors LLC purchased a new stake in shares of Boston Properties during the second quarter worth approximately $138,000. Glenmede Trust Co. NA raised its position in Boston Properties by 30.9% in the second quarter. Glenmede Trust Co. NA now owns 1,189 shares of the company’s stock valued at $155,000 after buying an additional 281 shares during the last quarter. Advisor Partners LLC bought a new position in Boston Properties during the second quarter valued at about $202,000. Pacad Investment Ltd. bought a new position in Boston Properties during the second quarter valued at about $224,000. Finally, Bailard Inc. bought a new position in Boston Properties during the second quarter valued at about $234,000. Hedge funds and other institutional investors own 94.42% of the company’s stock.
Boston Properties Inc. (NYSE:BXP) traded down 0.22% on Wednesday, hitting $124.98. The company had a trading volume of 81,964 shares. The stock has a market capitalization of $19.22 billion, a PE ratio of 38.93 and a beta of 0.63. The stock has a 50 day moving average of $122.74 and a 200-day moving average of $131.61. Boston Properties Inc. has a one year low of $107.28 and a one year high of $144.02.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, October 25th. The company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by $0.01. Boston Properties had a return on equity of 6.54% and a net margin of 19.83%. The business had revenue of $625.23 million for the quarter, compared to analyst estimates of $621.99 million. During the same period in the prior year, the business earned $1.41 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts anticipate that Boston Properties Inc. will post $5.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors 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 yield of 2.08%. Boston Properties’s dividend payout ratio is currently 81.00%.
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Several equities analysts have recently issued reports on the company. RBC Capital Markets restated an “outperform” rating and set a $150.00 target price (down from $155.00) on shares of Boston Properties in a research report on Thursday, October 27th. Royal Bank Of Canada decreased their target price on Boston Properties from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, October 27th. Stifel Nicolaus lowered Boston Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $140.00 to $120.00 in a research report on Thursday, October 27th. They noted that the move was a valuation call. TheStreet lowered Boston Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Finally, Bank of America Corp. lowered Boston Properties from a “buy” rating to a “neutral” rating and set a $148.00 target price for the company. in a research report on Friday, October 14th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company 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.
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