NewSquare Capital LLC continued to hold its position in shares of Boston Properties Inc. (NYSE:BXP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock at the end of the second quarter. NewSquare Capital LLC’s holdings in Boston Properties were worth $132,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Boston Properties during the fourth quarter worth about $162,149,000. Bank of Montreal Can bought a new position in shares of Boston Properties during the second quarter worth about $123,626,000. NN Investment Partners Holdings N.V. bought a new position in shares of Boston Properties during the first quarter worth about $49,834,000. JPMorgan Chase & Co. increased its position in shares of Boston Properties by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,513,066 shares of the company’s stock worth $573,522,000 after buying an additional 315,482 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Boston Properties during the first quarter worth about $37,794,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Boston Properties Inc. (NYSE:BXP) traded up 0.06% during midday trading on Tuesday, hitting $135.32. 487,543 shares of the stock traded hands. Boston Properties Inc. has a 12 month low of $107.28 and a 12 month high of $144.02. The stock has a market cap of $20.80 billion, a PE ratio of 34.70 and a beta of 0.76. The company has a 50-day moving average of $140.29 and a 200-day moving average of $132.01.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 26th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.04. Boston Properties had a return on equity of 7.89% and a net margin of 24.01%. The company had revenue of $623.50 million for the quarter, compared to analyst estimates of $612.38 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Boston Properties Inc. will post $5.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.60 annualized dividend and a yield of 1.92%. Boston Properties’s dividend payout ratio (DPR) is presently 66.50%.
BXP has been the topic of a number of research analyst reports. Deutsche Bank AG reissued a “buy” rating and set a $152.00 price objective (up from $151.00) on shares of Boston Properties in a research report on Monday, July 18th. Evercore ISI downgraded shares of Boston Properties from a “buy” rating to a “hold” rating and boosted their price objective for the company from $147.00 to $149.00 in a research report on Monday, August 22nd. Zacks Investment Research downgraded shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Mizuho boosted their target price on shares of Boston Properties from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Finally, DA Davidson boosted their target price on shares of Boston Properties from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $144.91.
In other Boston Properties news, insider Frank D. Burt sold 4,573 shares of Boston Properties stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $142.26, for a total value of $650,554.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter D. Johnston sold 7,111 shares of Boston Properties stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $143.25, for a total value of $1,018,650.75. The disclosure for this sale can be found here. 6.17% of the stock is owned by company insiders.
Boston Properties Company Profile
Boston Properties, Inc is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Company’s properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC.
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties Inc. (NYSE:BXP).
Receive News & Ratings for Boston Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.