Chevy Chase Trust Holdings Inc. lowered its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 130,588 shares of the real estate investment trust’s stock after selling 584 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Boston Properties worth $16,378,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new stake in shares of Boston Properties during the second quarter worth approximately $227,000. Gideon Capital Advisors Inc. bought a new stake in shares of Boston Properties during the first quarter worth approximately $274,000. Private Vista LLC bought a new stake in shares of Boston Properties during the first quarter worth approximately $440,000. 6 Meridian bought a new stake in shares of Boston Properties during the first quarter worth approximately $446,000. Finally, Koch Industries Inc. bought a new stake in shares of Boston Properties during the first quarter worth approximately $493,000. Institutional investors own 95.84% of the company’s stock.
Boston Properties opened at $129.31 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.02 and a quick ratio of 3.14. Boston Properties, Inc. has a 1-year low of $111.57 and a 1-year high of $132.00. The company has a market capitalization of $20.03 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.73). Boston Properties had a net margin of 20.23% and a return on equity of 6.71%. The business had revenue of $664.48 million during the quarter, compared to analyst estimates of $667.92 million. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. sell-side analysts anticipate that Boston Properties, Inc. will post 6.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, June 29th were given a $0.80 dividend. The ex-dividend date was Thursday, June 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.47%.
A number of equities research analysts have recently issued reports on BXP shares. TheStreet upgraded Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. Stifel Nicolaus boosted their price objective on Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Jefferies Financial Group restated a “hold” rating and set a $118.00 price objective on shares of Boston Properties in a report on Wednesday, August 1st. Deutsche Bank boosted their price objective on Boston Properties from $133.00 to $134.00 and gave the stock a “hold” rating in a report on Tuesday, June 26th. Finally, ValuEngine upgraded Boston Properties from a “sell” rating to a “hold” rating in a report on Sunday, June 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $131.86.
About Boston Properties
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.
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