Lbp Am Sa Sells 34,572 Shares of Boston Properties, Inc. (NYSE:BXP)

Lbp Am Sa trimmed its position in Boston Properties, Inc. (NYSE:BXP) by 68.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,827 shares of the real estate investment trust’s stock after selling 34,572 shares during the period. Lbp Am Sa’s holdings in Boston Properties were worth $1,034,000 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 company. Tidal Investments LLC bought a new stake in Boston Properties in the 1st quarter valued at about $290,000. California State Teachers Retirement System increased its position in Boston Properties by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 253,746 shares of the real estate investment trust’s stock valued at $16,572,000 after buying an additional 4,461 shares in the last quarter. EJF Capital LLC bought a new stake in Boston Properties in the 1st quarter valued at about $229,000. Bayesian Capital Management LP increased its position in Boston Properties by 381.7% in the 1st quarter. Bayesian Capital Management LP now owns 18,256 shares of the real estate investment trust’s stock valued at $1,192,000 after buying an additional 14,466 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in Boston Properties in the 1st quarter valued at about $1,423,000. 98.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BXP. BMO Capital Markets decreased their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Barclays decreased their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. Wedbush decreased their price objective on Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Evercore ISI decreased their price objective on Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $69.60.

Boston Properties Stock Performance

Boston Properties stock traded down $3.60 during trading on Friday, hitting $66.69. The stock had a trading volume of 801,446 shares, compared to its average volume of 1,335,189. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $73.97. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 1.91. The stock’s 50 day moving average is $63.20 and its two-hundred day moving average is $63.66. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 55.70, a price-to-earnings-growth ratio of 0.46 and a beta of 1.18.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.21). The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, analysts predict that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.92 annualized dividend and a dividend yield of 5.88%. Boston Properties’s payout ratio is currently 321.31%.

Boston Properties Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.