BlackRock Inc. Sells 48,069 Shares of Boston Properties, Inc. (BXP)

BlackRock Inc. cut its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,845,787 shares of the real estate investment trust’s stock after selling 48,069 shares during the quarter. BlackRock Inc. owned 10.26% of Boston Properties worth $1,950,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. IFM Investors Pty Ltd boosted its position in shares of Boston Properties by 14.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 8,333 shares of the real estate investment trust’s stock worth $1,026,000 after acquiring an additional 1,022 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Boston Properties during the 2nd quarter worth approximately $4,049,000. First Hawaiian Bank acquired a new stake in shares of Boston Properties during the 3rd quarter worth approximately $296,000. Atria Investments LLC acquired a new stake in shares of Boston Properties during the 3rd quarter worth approximately $226,000. Finally, Exane Derivatives boosted its position in shares of Boston Properties by 222,400.0% during the 3rd quarter. Exane Derivatives now owns 2,225 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 2,224 shares in the last quarter. 96.30% of the stock is currently owned by institutional investors.

Shares of Boston Properties stock opened at $125.61 on Monday. Boston Properties, Inc. has a fifty-two week low of $111.57 and a fifty-two week high of $132.82. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 3.28 and a beta of 0.57.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The firm had revenue of $686.28 million for the quarter, compared to analyst estimates of $674.30 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that Boston Properties, Inc. will post 6.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were given a $0.80 dividend. The ex-dividend date was Thursday, September 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.55%.

Several analysts recently issued reports on BXP shares. JPMorgan Chase & Co. upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. SunTrust Banks reduced their price target on shares of Boston Properties from $137.00 to $135.00 and set a “hold” rating on the stock in a research report on Sunday. Barclays reiterated a “buy” rating and set a $125.00 price target on shares of Boston Properties in a research report on Sunday, October 14th. DA Davidson upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price target for the stock from $135.00 to $145.00 in a research report on Monday, November 19th. Finally, Zacks Investment Research lowered shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $135.71.

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Boston Properties Profile

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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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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