Standard Life Aberdeen plc reduced its position in Boston Properties, Inc. (NYSE:BXP) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 248,626 shares of the real estate investment trust’s stock after selling 10,253 shares during the quarter. Standard Life Aberdeen plc’s holdings in Boston Properties were worth $34,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Boston Properties by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,261,193 shares of the real estate investment trust’s stock worth $311,729,000 after purchasing an additional 147,291 shares during the last quarter. Boston Partners raised its stake in shares of Boston Properties by 4.2% during the fourth quarter. Boston Partners now owns 2,255,957 shares of the real estate investment trust’s stock valued at $310,987,000 after acquiring an additional 91,778 shares during the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of Boston Properties by 4.3% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,049,082 shares of the real estate investment trust’s stock valued at $144,626,000 after acquiring an additional 42,870 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Boston Properties by 2.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 998,267 shares of the real estate investment trust’s stock worth $137,621,000 after purchasing an additional 24,975 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Boston Properties by 7.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 791,614 shares of the real estate investment trust’s stock worth $109,132,000 after purchasing an additional 54,367 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.
In related news, CFO Michael E. Labelle sold 16,337 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $137.33, for a total transaction of $2,243,560.21. Following the transaction, the chief financial officer now owns 19,891 shares in the company, valued at approximately $2,731,631.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Raymond A. Ritchey sold 4,889 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $142.64, for a total transaction of $697,366.96. The disclosure for this sale can be found here. Insiders sold a total of 88,250 shares of company stock worth $12,626,628 over the last three months. 0.99% of the stock is owned by company insiders.
NYSE BXP traded up $2.04 during mid-day trading on Thursday, reaching $92.90. 1,698,796 shares of the stock were exchanged, compared to its average volume of 1,001,020. Boston Properties, Inc. has a one year low of $77.21 and a one year high of $147.83. The stock has a 50 day simple moving average of $128.06 and a 200-day simple moving average of $133.29. The stock has a market cap of $13.59 billion, a P/E ratio of 28.15, a P/E/G ratio of 3.45 and a beta of 0.98. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.15 and a quick ratio of 4.15.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.94). Boston Properties had a net margin of 17.62% and a return on equity of 6.64%. The firm had revenue of $706.35 million for the quarter, compared to the consensus estimate of $697.15 million. During the same period last year, the company posted $0.96 EPS. Sell-side analysts anticipate that Boston Properties, Inc. will post 7.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Monday, March 30th. Boston Properties’s dividend payout ratio (DPR) is presently 55.92%.
A number of analysts recently weighed in on BXP shares. Morgan Stanley increased their price objective on Boston Properties from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Mizuho started coverage on Boston Properties in a report on Monday, February 3rd. They set a “neutral” rating and a $152.00 target price on the stock. JPMorgan Chase & Co. lowered Boston Properties from an “overweight” rating to a “neutral” rating and set a $145.00 price target on the stock. in a research report on Wednesday, December 18th. Robert W. Baird upped their price target on Boston Properties from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus raised Boston Properties from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Monday, March 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $147.25.
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.
Recommended Story: What is Blockchain?
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.