Westwood Holdings Group Inc. Reduces Stock Holdings in Boston Properties, Inc. (NYSE:BXP)

Westwood Holdings Group Inc. reduced its holdings in Boston Properties, Inc. (NYSE:BXP) by 39.1% during the 2nd quarter, Holdings Channel reports. The fund owned 340,329 shares of the real estate investment trust’s stock after selling 218,502 shares during the period. Westwood Holdings Group Inc.’s holdings in Boston Properties were worth $43,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Rational Advisors LLC boosted its holdings in shares of Boston Properties by 66.4% in the 1st quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Boston Properties by 112.4% in the 2nd quarter. Advisory Services Network LLC now owns 257 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 136 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Boston Properties by 1,804.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 400 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 379 shares during the last quarter. CWM LLC boosted its holdings in shares of Boston Properties by 17,500.0% in the 2nd quarter. CWM LLC now owns 528 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 525 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in shares of Boston Properties by 20.6% in the 2nd quarter. NEXT Financial Group Inc now owns 610 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 104 shares during the last quarter.

Shares of BXP traded up $0.82 during trading hours on Friday, hitting $130.85. The stock had a trading volume of 26,060 shares, compared to its average volume of 630,473. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.58 and a current ratio of 4.58. The firm has a 50-day moving average price of $128.95 and a 200 day moving average price of $132.24. Boston Properties, Inc. has a fifty-two week low of $107.84 and a fifty-two week high of $140.35. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 3.02 and a beta of 0.88.



Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.68). Boston Properties had a net margin of 18.96% and a return on equity of 6.80%. The firm had revenue of $733.74 million during the quarter, compared to analyst estimates of $725.14 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts predict that Boston Properties, Inc. will post 7.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, September 27th. Boston Properties’s dividend payout ratio is currently 60.32%.

Several research firms have recently commented on BXP. Morgan Stanley raised shares of Boston Properties from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $123.00 to $126.00 in a report on Tuesday, September 10th. They noted that the move was a valuation call. Robert W. Baird set a $152.00 price objective on shares of Boston Properties and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Citigroup dropped their price objective on shares of Boston Properties from $142.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $138.04.

About Boston Properties

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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

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