Boston Properties, Inc. (BXP) Position Increased by Stephens Inc. AR
Stephens Inc. AR increased its stake in Boston Properties, Inc. (NYSE:BXP) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,551 shares of the real estate investment trust’s stock after purchasing an additional 489 shares during the period. Stephens Inc. AR’s holdings in Boston Properties were worth $3,631,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in BXP. Harbour Capital Advisors LLC lifted its stake in Boston Properties by 12,201.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 13,422 shares during the period. NewSquare Capital LLC lifted its stake in Boston Properties by 12,184.0% during the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 121,840 shares during the period. Sun Life Financial INC lifted its stake in Boston Properties by 10,118.2% during the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 1,113 shares during the period. Garner Asset Management Corp acquired a new stake in Boston Properties during the 2nd quarter valued at approximately $214,000. Finally, Timber Hill LLC acquired a new stake in Boston Properties during the 3rd quarter valued at approximately $232,000. Institutional investors own 94.70% of the company’s stock.
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Several equities analysts recently issued reports on BXP shares. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research note on Friday, September 1st. Mizuho reiterated a “hold” rating and issued a $122.00 target price on shares of Boston Properties in a research note on Friday, November 3rd. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $130.00 target price on shares of Boston Properties in a research note on Monday, October 9th. Evercore ISI reissued an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a report on Friday, October 6th. Finally, Barclays PLC cut their price target on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $133.92.
In other news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the sale, the insider now owns 585 shares of the company’s stock, valued at $72,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.
Boston Properties, Inc. (NYSE:BXP) traded up $0.18 during midday trading on Tuesday, reaching $124.75. 99,417 shares of the company’s stock were exchanged, compared to its average volume of 556,014. Boston Properties, Inc. has a 52 week low of $116.77 and a 52 week high of $140.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $19,250.00, a PE ratio of 19.97, a P/E/G ratio of 3.58 and a beta of 0.63.
Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. Boston Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 earnings per share. equities research analysts anticipate that Boston Properties, Inc. will post 6.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.40%. Boston Properties’s dividend payout ratio is presently 93.46%.
Boston Properties 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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