Westwood Holdings Group Inc. Has $93.48 Million Position in Boston Properties, Inc. (BXP)
Westwood Holdings Group Inc. increased its holdings in Boston Properties, Inc. (NYSE:BXP) by 10.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 759,839 shares of the real estate investment trust’s stock after purchasing an additional 73,050 shares during the quarter. Westwood Holdings Group Inc. owned 0.49% of Boston Properties worth $93,475,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BT Investment Management Ltd acquired a new position in Boston Properties in the 2nd quarter worth about $8,518,000. Bank of Nova Scotia raised its holdings in Boston Properties by 917.9% in the 1st quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock worth $4,651,000 after purchasing an additional 31,676 shares during the period. Eii Capital Management Inc. raised its holdings in Boston Properties by 59.7% in the 2nd quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock worth $3,814,000 after purchasing an additional 11,590 shares during the period. Vanguard Group Inc. raised its holdings in Boston Properties by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after purchasing an additional 398,674 shares during the period. Finally, Credit Suisse AG raised its holdings in Boston Properties by 7.4% in the 1st quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock worth $92,519,000 after purchasing an additional 48,354 shares during the period. 94.59% of the stock is owned by institutional investors.
A number of research firms recently weighed in on BXP. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 price target on shares of Boston Properties in a report on Friday, July 14th. BidaskClub cut Boston Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $150.00 price target on shares of Boston Properties in a report on Wednesday, July 5th. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $127.00 price objective on shares of Boston Properties in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $134.17.
Boston Properties, Inc. (NYSE BXP) traded up 1.05% during midday trading on Wednesday, hitting $128.43. The stock had a trading volume of 190,119 shares. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $140.13. The firm has a market cap of $19.82 billion, a P/E ratio of 42.11 and a beta of 0.65. The stock has a 50-day moving average price of $121.93 and a 200 day moving average price of $124.11.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data 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 firm had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same period in the previous year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Boston Properties, Inc. will post $2.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.36%. Boston Properties’s dividend payout ratio is currently 102.04%.
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. 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.
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