Boston Properties, Inc. (BXP) Holdings Trimmed by Sei Investments Co.
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.
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.
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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.
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