Trade Report: The Bbva Compass Bancshares Inc. Reduced the position of Boston Properties Inc. (BXP)

The Bbva Compass Bancshares Inc. Reduced the position of Boston Properties Inc. (BXP)

Bbva Compass Bancshares Inc. cut its position in shares of Boston Properties Inc. (NYSE:BXP) by 25.4% during the second quarter, Holdings Channel reports. The firm owned 12,125 shares of the company’s stock after selling 4,132 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Boston Properties were worth $1,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Shinko Asset Management Co. Ltd. raised its stake in Boston Properties by 0.3% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,872,583 shares of the company’s stock worth $378,894,000 after buying an additional 8,841 shares during the period. Geode Capital Management LLC raised its stake in Boston Properties by 2.6% in the first quarter. Geode Capital Management LLC now owns 1,468,703 shares of the company’s stock worth $186,322,000 after buying an additional 37,497 shares during the period. Wellington Management Group LLP raised its stake in Boston Properties by 9.6% in the first quarter. Wellington Management Group LLP now owns 1,307,450 shares of the company’s stock worth $166,151,000 after buying an additional 114,493 shares during the period. Bank of Montreal Can acquired a new stake in Boston Properties during the second quarter worth about $123,626,000. Finally, Legal & General Group Plc raised its stake in Boston Properties by 3.3% in the first quarter. Legal & General Group Plc now owns 935,740 shares of the company’s stock worth $118,913,000 after buying an additional 30,324 shares during the period. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boston Properties Inc. (NYSE:BXP) traded down 0.02% during midday trading on Monday, hitting $126.87. The company had a trading volume of 434,881 shares. The stock’s 50-day moving average price is $135.71 and its 200-day moving average price is $133.12. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 32.53 and a beta of 0.64. Boston Properties Inc. has a one year low of $107.28 and a one year high of $144.02.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.04. The business had revenue of $623.50 million for the quarter, compared to the consensus estimate of $612.38 million. Boston Properties had a return on equity of 7.89% and a net margin of 24.01%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 earnings per share. Analysts predict that Boston Properties Inc. will post $5.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, September 28th. Boston Properties’s dividend payout ratio is currently 66.50%.

BXP has been the subject of a number of research reports. Zacks Investment Research upgraded Boston Properties from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research report on Thursday, August 4th. Deutsche Bank AG reiterated a “buy” rating and issued a $152.00 price objective (up previously from $151.00) on shares of Boston Properties in a research report on Monday, July 18th. DA Davidson raised their price objective on Boston Properties from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Evercore ISI downgraded Boston Properties from a “buy” rating to a “hold” rating and raised their price objective for the stock from $147.00 to $149.00 in a research report on Monday, August 22nd. Finally, Mizuho raised their price objective on Boston Properties from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $145.08.

In other Boston Properties news, insider John Francis Powers sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $141.90, for a total transaction of $1,419,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank D. Burt sold 4,573 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $142.26, for a total value of $650,554.98. The disclosure for this sale can be found here. Corporate insiders own 6.17% of the company’s stock.

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. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.

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