Andra AP fonden Trims Stock Position in BXP, Inc. $BXP

Andra AP fonden cut its holdings in BXP, Inc. (NYSE:BXP) by 39.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,900 shares of the real estate investment trust’s stock after selling 32,889 shares during the period. Andra AP fonden’s holdings in BXP were worth $3,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P purchased a new stake in BXP in the 2nd quarter valued at about $25,000. Muzinich & Co. Inc. purchased a new stake in shares of BXP in the 3rd quarter valued at $27,000. MUFG Securities EMEA plc purchased a new stake in BXP during the second quarter worth about $29,000. Avalon Trust Co purchased a new stake in BXP during the third quarter worth about $36,000. Finally, Rothschild Investment LLC lifted its position in shares of BXP by 67.1% during the second quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, CEO Owen D. Thomas sold 1,198 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $61.22, for a total value of $73,341.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Raymond A. Ritchey sold 36,314 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,706 shares of company stock valued at $2,770,078 over the last quarter. 1.49% of the stock is currently owned by insiders.

BXP Stock Down 5.7%

Shares of NYSE:BXP opened at $57.69 on Friday. BXP, Inc. has a 1-year low of $54.22 and a 1-year high of $79.33. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 4.50. The stock has a market cap of $9.14 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.45 and a beta of 1.01. The firm has a fifty day moving average price of $64.97 and a 200 day moving average price of $69.47.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.9%. BXP’s dividend payout ratio is 160.92%.

Wall Street Analysts Forecast Growth

BXP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a research note on Monday, December 29th. Scotiabank reduced their price target on BXP from $81.00 to $74.00 and set a “sector performer” rating on the stock in a research report on Wednesday, January 14th. Citigroup dropped their price objective on shares of BXP from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. decreased their price objective on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group set a $72.00 target price on shares of BXP in a research note on Wednesday, February 4th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $75.45.

About BXP

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.