Stifel Financial Corp Has $2.26 Million Holdings in Boston Properties, Inc. (BXP)
Stifel Financial Corp grew its position in Boston Properties, Inc. (NYSE:BXP) by 14.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,353 shares of the real estate investment trust’s stock after buying an additional 2,345 shares during the quarter. Stifel Financial Corp’s holdings in Boston Properties were worth $2,255,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Amica Retiree Medical Trust acquired a new position in shares of Boston Properties in the 3rd quarter valued at approximately $105,000. Sun Life Financial INC raised its position in shares of Boston Properties by 10,118.2% in 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 buying an additional 1,113 shares in the last quarter. Garner Asset Management Corp acquired a new position in shares of Boston Properties in the 2nd quarter valued at approximately $214,000. Timber Hill LLC acquired a new position in shares of Boston Properties in the 3rd quarter valued at approximately $232,000. Finally, Clinton Group Inc. acquired a new position in shares of Boston Properties in the 2nd quarter valued at approximately $236,000. Institutional investors own 95.22% of the company’s stock.
In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the business’s stock in a transaction that occurred on 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 directly owns 585 shares of the company’s stock, valued at approximately $72,861.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.17% of the company’s stock.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $649.84 million. During the same period in the previous year, the firm posted $1.42 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. research analysts anticipate that Boston Properties, Inc. will post 6.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.50%. This is a positive change from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, December 28th. Boston Properties’s payout ratio is presently 93.75%.
Several brokerages have recently commented on BXP. Jefferies Group restated a “hold” rating and issued a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of Boston Properties in a research report on Friday, November 3rd. Argus dropped their target price on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Royal Bank of Canada set a $140.00 price target on shares of Boston Properties and gave the company a “buy” rating in a report on Monday, November 27th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $130.00 price target on shares of Boston Properties in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Boston Properties currently has a consensus rating of “Hold” and an average target price of $132.80.
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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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