Barclays PLC Grows Stake in Boston Properties, Inc. (NYSE:BXP)

Barclays PLC grew its holdings in Boston Properties, Inc. (NYSE:BXP) by 27.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 393,272 shares of the real estate investment trust’s stock after acquiring an additional 84,363 shares during the period. Barclays PLC’s holdings in Boston Properties were worth $42,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FinTrust Capital Advisors LLC bought a new position in shares of Boston Properties in the 2nd quarter worth approximately $34,000. NEXT Financial Group Inc raised its position in shares of Boston Properties by 177.3% in the 3rd quarter. NEXT Financial Group Inc now owns 416 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 266 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Boston Properties by 30.4% in the 2nd quarter. Penserra Capital Management LLC now owns 467 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 109 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Boston Properties by 18.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 582 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 90 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Boston Properties in the 2nd quarter worth approximately $68,000. Institutional investors and hedge funds own 88.47% of the company’s stock.

BXP has been the subject of several research reports. BMO Capital Markets raised Boston Properties from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $125.00 to $140.00 in a research report on Friday, January 7th. Evercore ISI raised Boston Properties from an “in-line” rating to an “outperform” rating in a research report on Sunday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised Boston Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $118.00 to $131.00 in a research report on Monday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and a consensus price target of $126.83.

Boston Properties stock opened at $125.08 on Friday. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 61.31, a PEG ratio of 3.00 and a beta of 1.18. The stock has a fifty day simple moving average of $116.86 and a two-hundred day simple moving average of $115.36. Boston Properties, Inc. has a 12 month low of $88.45 and a 12 month high of $128.00. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 1.69.

Boston Properties (NYSE:BXP) last posted its earnings results on Monday, October 25th. The real estate investment trust reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($1.01). The business had revenue of $730.06 million during the quarter, compared to the consensus estimate of $708.97 million. Boston Properties had a return on equity of 4.08% and a net margin of 11.71%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. On average, equities research analysts forecast that Boston Properties, Inc. will post 6.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 28th. Stockholders of record on Friday, December 31st will be paid a $0.98 dividend. The ex-dividend date is Thursday, December 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.13%. Boston Properties’s dividend payout ratio (DPR) is currently 192.16%.

In other news, President Douglas T. Linde sold 34,476 shares of the firm’s stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $118.58, for a total value of $4,088,164.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John J. Stroman sold 4,109 shares of the firm’s stock in a transaction on Monday, November 8th. The stock was sold at an average price of $118.29, for a total value of $486,053.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,701 shares of company stock worth $4,825,789. Company insiders own 1.10% of the company’s stock.

Boston Properties Profile

Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.

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

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