Candriam Luxembourg S.C.A. decreased its position in Boston Properties Inc. (NYSE:BXP) by 79.3% during the second quarter, Holdings Channel reports. The firm owned 6,344 shares of the company’s stock after selling 24,242 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Boston Properties were worth $837,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in BXP. Williams Jones & Associates LLC bought a new stake in Boston Properties during the first quarter worth approximately $102,000. Zions Bancorporation increased its stake in Boston Properties by 2.7% in the first quarter. Zions Bancorporation now owns 1,424 shares of the company’s stock worth $181,000 after buying an additional 37 shares during the last quarter. West Oak Capital LLC increased its stake in Boston Properties by 1.6% in the second quarter. West Oak Capital LLC now owns 1,850 shares of the company’s stock worth $244,000 after buying an additional 30 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Boston Properties during the second quarter worth approximately $303,000. Finally, Nikko Asset Management Americas Inc. acquired a new stake in Boston Properties during the first quarter worth approximately $304,000. Institutional investors own 95.57% of the company’s stock.
Boston Properties Inc. (NYSE:BXP) traded up 0.11% on Friday, hitting $129.03. 752,882 shares of the stock were exchanged. The stock has a market capitalization of $19.83 billion, a P/E ratio of 33.08 and a beta of 0.64. The company has a 50 day moving average of $137.58 and a 200 day moving average of $133.06. 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 data on Tuesday, July 26th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.04. The firm earned $623.50 million during the quarter, compared to analysts’ expectations of $612.38 million. Boston Properties had a net margin of 24.01% and a return on equity of 7.89%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. On average, equities research analysts forecast that Boston Properties Inc. will post $5.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.02%. 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 topic of a number of research reports. Zacks Investment Research upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Thursday, August 4th. Deutsche Bank AG reiterated a “buy” rating and issued a $152.00 target price (up from $151.00) on shares of Boston Properties in a report on Monday, July 18th. DA Davidson boosted their target price on shares of Boston Properties from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Evercore ISI downgraded shares of Boston Properties from a “buy” rating to a “hold” rating and boosted their target price for the stock from $147.00 to $149.00 in a report on Monday, August 22nd. Finally, Mizuho boosted their target price on shares of Boston Properties from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $144.91.
In related news, insider John Francis Powers sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $141.90, for a total transaction of $1,419,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Turchin sold 1,504 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $140.31, for a total transaction of $211,026.24. Following the transaction, the director now owns 2,857 shares of the company’s stock, valued at approximately $400,865.67. 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.