Ethic Inc. Has $2.20 Million Position in Boston Properties, Inc. (NYSE:BXP)

Ethic Inc. lifted its position in shares of Boston Properties, Inc. (NYSE:BXPGet Rating) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,111 shares of the real estate investment trust’s stock after buying an additional 1,649 shares during the period. Ethic Inc.’s holdings in Boston Properties were worth $2,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BXP. Norges Bank bought a new stake in Boston Properties in the fourth quarter valued at approximately $1,501,665,000. BlackRock Inc. boosted its holdings in shares of Boston Properties by 6.9% in the 4th quarter. BlackRock Inc. now owns 17,343,626 shares of the real estate investment trust’s stock valued at $1,997,639,000 after purchasing an additional 1,119,895 shares in the last quarter. Cullen Capital Management LLC boosted its holdings in shares of Boston Properties by 17,612.1% during the 1st quarter. Cullen Capital Management LLC now owns 919,611 shares of the real estate investment trust’s stock valued at $118,446,000 after acquiring an additional 914,419 shares in the last quarter. State Street Corp boosted its holdings in shares of Boston Properties by 7.8% during the 4th quarter. State Street Corp now owns 10,388,227 shares of the real estate investment trust’s stock valued at $1,206,521,000 after acquiring an additional 754,483 shares in the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of Boston Properties during the 4th quarter valued at $75,689,000. 92.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boston Properties

In related news, EVP Raymond A. Ritchey sold 22,472 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $89.96, for a total value of $2,021,581.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on BXP. Credit Suisse Group began coverage on Boston Properties in a report on Wednesday, June 22nd. They set an “outperform” rating and a $108.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Boston Properties from $139.00 to $104.00 in a report on Wednesday, July 20th. Morgan Stanley lowered their target price on Boston Properties from $80.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday. TheStreet lowered Boston Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, September 6th. Finally, StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.08.

Boston Properties Stock Performance

BXP stock opened at $85.80 on Monday. The stock has a 50-day moving average price of $86.60 and a 200-day moving average price of $104.74. Boston Properties, Inc. has a 1-year low of $78.02 and a 1-year high of $133.11. The company has a current ratio of 4.35, a quick ratio of 4.35 and a debt-to-equity ratio of 1.71. The firm has a market cap of $13.45 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14.

Boston Properties (NYSE:BXPGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.64. Boston Properties had a return on equity of 8.17% and a net margin of 22.04%. During the same period last year, the firm posted $1.72 earnings per share. As a group, equities research analysts expect that Boston Properties, Inc. will post 7.52 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Wednesday, June 29th. Boston Properties’s payout ratio is 93.33%.

Boston Properties Profile

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Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner 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.

See Also

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

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