Boston Properties, Inc. (NYSE:BXP) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp lifted its position in Boston Properties, Inc. (NYSE:BXP) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,969 shares of the real estate investment trust’s stock after acquiring an additional 28,723 shares during the period. Stifel Financial Corp’s holdings in Boston Properties were worth $23,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 6 Meridian boosted its stake in shares of Boston Properties by 2.1% during the 2nd quarter. 6 Meridian now owns 4,027 shares of the real estate investment trust’s stock worth $519,000 after acquiring an additional 82 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Boston Properties by 6.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 2,262 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 135 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Boston Properties by 7.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 8,785 shares of the real estate investment trust’s stock worth $1,125,000 after acquiring an additional 607 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Boston Properties by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 737,247 shares of the real estate investment trust’s stock worth $95,591,000 after acquiring an additional 20,593 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Boston Properties by 1.4% during the 2nd quarter. Jennison Associates LLC now owns 339,354 shares of the real estate investment trust’s stock worth $43,777,000 after acquiring an additional 4,536 shares in the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

In other Boston Properties news, EVP Bryan J. Koop sold 9,645 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $138.06, for a total value of $1,331,588.70. Following the sale, the executive vice president now owns 585 shares of the company’s stock, valued at $80,765.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter D. Johnston sold 18,582 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $137.85, for a total transaction of $2,561,528.70. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.

BXP has been the topic of several recent analyst reports. Morgan Stanley raised shares of Boston Properties from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $123.00 to $126.00 in a research note on Tuesday, September 10th. They noted that the move was a valuation call. Robert W. Baird set a $152.00 target price on shares of Boston Properties and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Deutsche Bank increased their target price on shares of Boston Properties from $145.00 to $148.00 and gave the stock a “hold” rating in a research note on Thursday, October 10th. Goldman Sachs Group initiated coverage on shares of Boston Properties in a research note on Friday, November 8th. They set a “buy” rating and a $156.00 target price on the stock. Finally, Citigroup reissued a “neutral” rating and set a $134.00 target price (up from $131.00) on shares of Boston Properties in a research note on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $144.21.

BXP stock opened at $138.54 on Friday. The company has a market cap of $21.42 billion, a P/E ratio of 21.99, a P/E/G ratio of 3.01 and a beta of 0.86. Boston Properties, Inc. has a 52 week low of $107.84 and a 52 week high of $140.35. The company’s 50-day moving average price is $134.55 and its 200 day moving average price is $131.79. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.52.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $743.55 million for the quarter, compared to the consensus estimate of $730.74 million. Boston Properties had a net margin of 18.20% and a return on equity of 6.70%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, equities research analysts expect that Boston Properties, Inc. will post 6.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, September 27th. Boston Properties’s dividend payout ratio (DPR) is presently 60.32%.

Boston Properties Profile

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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