Boston Properties, Inc. (NYSE:BXP) Shares Sold by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. decreased its stake in Boston Properties, Inc. (NYSE:BXP) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,739 shares of the real estate investment trust’s stock after selling 2,700 shares during the period. Pictet Asset Management Ltd. owned 0.06% of Boston Properties worth $11,009,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of Boston Properties by 56.6% in the first quarter. Toronto Dominion Bank now owns 41,515 shares of the real estate investment trust’s stock valued at $5,496,000 after buying an additional 14,998 shares during the period. Bank of Nova Scotia boosted its position in shares of Boston Properties by 917.9% in the first quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock valued at $4,651,000 after buying an additional 31,676 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock valued at $2,939,641,000 after buying an additional 398,674 shares in the last quarter. Credit Suisse AG boosted its position in shares of Boston Properties by 7.4% in the first quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock valued at $92,519,000 after buying an additional 48,354 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of Boston Properties by 10.5% in the first quarter. World Asset Management Inc now owns 18,086 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 1,725 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.
Boston Properties, Inc. (NYSE:BXP) opened at 120.05 on Monday. Boston Properties, Inc. has a 1-year low of $113.69 and a 1-year high of $143.94. The company has a 50 day moving average of $121.48 and a 200 day moving average of $127.72. The company has a market capitalization of $18.53 billion, a PE ratio of 40.69 and a beta of 0.64.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. Boston Properties’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Boston Properties, Inc. will post $2.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 2.50%. Boston Properties’s dividend payout ratio (DPR) is currently 102.04%.
ILLEGAL ACTIVITY NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/08/14/boston-properties-inc-nysebxp-shares-sold-by-pictet-asset-management-ltd.html.
Several equities analysts have recently weighed in on BXP shares. TheStreet cut shares of Boston Properties from a “b-” rating to a “c” rating in a research note on Wednesday, May 17th. Barclays PLC raised their price target on shares of Boston Properties from $139.00 to $141.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $121.00 price target on shares of Boston Properties in a research note on Friday, July 14th. Evercore ISI reaffirmed an “in-line” rating and set a $133.00 price target (down from $138.00) on shares of Boston Properties in a research note on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $150.00 price target on shares of Boston Properties in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Boston Properties currently has an average rating of “Hold” and an average target price of $135.64.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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.