Boston Properties, Inc. (NYSE:BXP) Shares Sold by Lbp Am Sa

Lbp Am Sa trimmed its position in Boston Properties, Inc. (NYSE:BXP) by 68.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,827 shares of the real estate investment trust’s stock after selling 34,572 shares during the quarter. Lbp Am Sa’s holdings in Boston Properties were worth $1,034,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Ieq Capital LLC increased its stake in Boston Properties by 1.5% during the fourth quarter. Ieq Capital LLC now owns 11,184 shares of the real estate investment trust’s stock worth $785,000 after acquiring an additional 164 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in Boston Properties by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 6,620 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 182 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Boston Properties by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 3,348 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 199 shares during the last quarter. Carson Advisory Inc. increased its stake in Boston Properties by 4.3% during the fourth quarter. Carson Advisory Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 202 shares during the last quarter. Finally, Cambridge Trust Co. increased its stake in Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Stock Down 5.1 %

Boston Properties stock traded down $3.60 during midday trading on Friday, reaching $66.69. The company’s stock had a trading volume of 801,446 shares, compared to its average volume of 1,335,189. Boston Properties, Inc. has a fifty-two week low of $50.64 and a fifty-two week high of $73.97. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 1.91. The company has a market cap of $10.47 billion, a P/E ratio of 55.70, a P/E/G ratio of 0.46 and a beta of 1.18. The business has a 50-day simple moving average of $63.20 and a 200-day simple moving average of $63.66.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21). Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. During the same quarter last year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts expect that Boston Properties, Inc. will post 7.12 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend was Friday, June 28th. Boston Properties’s dividend payout ratio (DPR) is currently 321.31%.

Analyst Ratings Changes

BXP has been the subject of several recent analyst reports. Evercore ISI cut their target price on Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a research report on Thursday, June 20th. BMO Capital Markets lowered their price target on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Wedbush lowered their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.60.

About Boston Properties

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.