361 Capital LLC Acquires Shares of 7,957 Boston Properties, Inc. (BXP)

361 Capital LLC purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,957 shares of the real estate investment trust’s stock, valued at approximately $1,065,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BXP. Norges Bank acquired a new position in shares of Boston Properties during the fourth quarter valued at $1,196,899,000. Lord Abbett & CO. LLC boosted its holdings in shares of Boston Properties by 47.9% during the fourth quarter. Lord Abbett & CO. LLC now owns 860,475 shares of the real estate investment trust’s stock valued at $96,846,000 after acquiring an additional 278,695 shares during the period. BlackRock Inc. boosted its holdings in shares of Boston Properties by 1.7% during the fourth quarter. BlackRock Inc. now owns 16,120,682 shares of the real estate investment trust’s stock valued at $1,814,382,000 after acquiring an additional 274,895 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Boston Properties during the fourth quarter valued at $22,510,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Boston Properties by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 2,437,060 shares of the real estate investment trust’s stock valued at $273,894,000 after acquiring an additional 186,025 shares during the period. 97.00% of the stock is owned by institutional investors.

In related news, insider Bryan J. Koop sold 5,616 shares of Boston Properties stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total transaction of $752,263.20. Following the sale, the insider now directly owns 10,175 shares in the company, valued at $1,362,941.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.99% of the stock is owned by insiders.

Shares of NYSE BXP opened at $132.75 on Wednesday. Boston Properties, Inc. has a fifty-two week low of $107.84 and a fifty-two week high of $140.35. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 1.38. The stock has a market cap of $20.65 billion, a P/E ratio of 21.07, a P/E/G ratio of 3.06 and a beta of 0.93.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.06. Boston Properties had a net margin of 18.15% and a return on equity of 6.31%. The business had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $703.16 million. During the same period in the previous year, the business earned $1.49 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. As a group, analysts predict that Boston Properties, Inc. will post 6.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 28th. Boston Properties’s dividend payout ratio is currently 60.32%.

BXP has been the subject of several analyst reports. BTIG Research boosted their price target on shares of Boston Properties to $145.00 and gave the company a “buy” rating in a report on Thursday, January 31st. BMO Capital Markets reissued a “hold” rating and set a $135.00 price target on shares of Boston Properties in a report on Tuesday, January 29th. They noted that the move was a valuation call. Morgan Stanley downgraded shares of Boston Properties from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $130.00 to $116.00 in a report on Wednesday, March 13th. ValuEngine downgraded shares of Boston Properties from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Zacks Investment Research downgraded shares of Boston Properties from a “buy” rating to a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $136.71.

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Boston Properties Company 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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