Rehmann Capital Advisory Group grew its position in shares of Boston Properties, Inc. (NYSE:BXP) by 79.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 800 shares of the real estate investment trust’s stock after buying an additional 354 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Boston Properties were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in Boston Properties in the 1st quarter valued at about $161,000. Westpac Banking Corp boosted its position in Boston Properties by 7.3% in the 1st quarter. Westpac Banking Corp now owns 320,145 shares of the real estate investment trust’s stock valued at $42,861,000 after buying an additional 21,833 shares during the period. Andra AP fonden bought a new stake in shares of Boston Properties in the 1st quarter valued at about $5,984,000. U S Global Investors Inc. bought a new stake in shares of Boston Properties in the 1st quarter valued at about $358,000. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Boston Properties by 12.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 224,610 shares of the real estate investment trust’s stock valued at $30,071,000 after purchasing an additional 24,497 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NYSE:BXP traded down $0.19 during trading hours on Friday, reaching $132.30. 291,671 shares of the company were exchanged, compared to its average volume of 716,911. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.78 and a current ratio of 3.78. The stock has a 50-day moving average of $133.08. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.98 and a beta of 0.86. Boston Properties, Inc. has a twelve month low of $107.84 and a twelve month high of $140.35.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, June 27th. Boston Properties’s payout ratio is currently 60.32%.
In other Boston Properties news, insider Bryan J. Koop sold 4,121 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $134.40, for a total transaction of $553,862.40. Following the completion of the transaction, the insider now owns 585 shares of the company’s stock, valued at $78,624. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bryan J. Koop sold 5,616 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $133.95, for a total transaction of $752,263.20. Following the transaction, the insider now directly owns 10,175 shares of the company’s stock, valued at approximately $1,362,941.25. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by company insiders.
BXP has been the subject of several recent research reports. ValuEngine upgraded shares of Yara International ASA from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Morgan Stanley initiated coverage on shares of in a research note on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective for the company. Deutsche Bank reduced their price objective on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Finally, Evercore ISI initiated coverage on shares of Ascendis Pharma A/S in a research note on Monday, March 25th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $137.29.
About Boston Properties
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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