Sentry Investment Management LLC Has $965,000 Holdings in Boston Properties, Inc. (BXP)
Sentry Investment Management LLC maintained its position in Boston Properties, Inc. (NYSE:BXP) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,846 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Sentry Investment Management LLC’s holdings in Boston Properties were worth $965,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC increased its holdings in Boston Properties by 12,201.8% in the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 13,422 shares during the period. Sun Life Financial INC increased its holdings in Boston Properties by 10,118.2% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,113 shares during the period. Jane Street Group LLC acquired a new stake in Boston Properties in the first quarter valued at $200,000. Garner Asset Management Corp acquired a new stake in Boston Properties in the second quarter valued at $214,000. Finally, Clinton Group Inc. acquired a new stake in Boston Properties in the second quarter valued at $236,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
Boston Properties, Inc. (NYSE BXP) traded down 1.02% during trading on Friday, hitting $122.37. 107,428 shares of the stock were exchanged. The stock has a 50 day moving average of $123.34 and a 200-day moving average of $124.01. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $140.13. The stock has a market cap of $18.88 billion, a P/E ratio of 41.48 and a beta of 0.65.
Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm had revenue of $656.90 million for the quarter, compared to analysts’ expectations of $645.96 million. During the same quarter in the previous year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts expect that Boston Properties, Inc. will post $2.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, September 28th. Boston Properties’s payout ratio is 102.04%.
A number of research firms recently weighed in on BXP. Barclays PLC decreased their price objective on Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, August 31st. Royal Bank Of Canada downgraded Boston Properties from a “top pick” rating to an “outperform” rating and decreased their price objective for the company from $150.00 to $140.00 in a report on Thursday, August 17th. BidaskClub downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Evercore ISI restated an “in-line” rating and issued a $133.00 price objective (up from $127.00) on shares of Boston Properties in a report on Friday, October 6th. Finally, Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $132.91.
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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