Sei Investments Co. lessened its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 8.3% in the fourth quarter, HoldingsChannel reports. The firm owned 390,441 shares of the real estate investment trust’s stock after selling 35,525 shares during the period. Sei Investments Co.’s holdings in Boston Properties were worth $50,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BXP. Amica Retiree Medical Trust bought a new position in Boston Properties during the 3rd quarter worth approximately $105,000. Fieldpoint Private Securities LLC bought a new position in Boston Properties during the 3rd quarter worth approximately $125,000. Americafirst Capital Management LLC bought a new position in Boston Properties during the 3rd quarter worth approximately $169,000. Huntington National Bank lifted its holdings in Boston Properties by 397.1% during the 4th quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,219 shares during the last quarter. Finally, Zions Bancorporation lifted its holdings in Boston Properties by 46.3% during the 3rd quarter. Zions Bancorporation now owns 1,852 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 586 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Shares of Boston Properties, Inc. (BXP) opened at $116.19 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.43. The firm has a market capitalization of $17,769.02, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.25 and a beta of 0.58. Boston Properties, Inc. has a 12 month low of $111.57 and a 12 month high of $140.13.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.02. The firm had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. equities research analysts expect that Boston Properties, Inc. will post 6.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 2.75%. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. Boston Properties’s payout ratio is presently 109.22%.

A number of research analysts have commented on the company. Robert W. Baird reaffirmed a “hold” rating and set a $125.00 target price on shares of Boston Properties in a report on Tuesday, January 9th. SunTrust Banks set a $127.00 target price on Boston Properties and gave the stock a “hold” rating in a report on Monday, January 22nd. Edward Jones raised Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Argus reduced their target price on Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $130.80.

COPYRIGHT VIOLATION NOTICE: “Boston Properties, Inc. (BXP) Holdings Trimmed by Sei Investments Co.” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://theolympiareport.com/2018/02/14/boston-properties-inc-bxp-holdings-trimmed-by-sei-investments-co.html.

Boston Properties Profile

Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.

Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXP).

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

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.