ETRADE Capital Management LLC Makes New Investment in Boston Properties, Inc. (NYSE:BXP)

ETRADE Capital Management LLC acquired a new position in shares of Boston Properties, Inc. (NYSE:BXP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,289 shares of the real estate investment trust’s stock, valued at approximately $1,226,000.

A number of other institutional investors have also recently made changes to their positions in BXP. AE Wealth Management LLC raised its position in Boston Properties by 10.8% during the 4th quarter. AE Wealth Management LLC now owns 1,972 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 193 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Boston Properties during the 4th quarter worth $277,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Boston Properties by 3.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,337 shares of the real estate investment trust’s stock worth $2,252,000 after buying an additional 593 shares during the last quarter. Strs Ohio raised its position in Boston Properties by 17.8% during the 4th quarter. Strs Ohio now owns 482,954 shares of the real estate investment trust’s stock worth $66,580,000 after buying an additional 73,127 shares during the last quarter. Finally, CWM Advisors LLC raised its position in Boston Properties by 8.6% during the 4th quarter. CWM Advisors LLC now owns 4,681 shares of the real estate investment trust’s stock worth $645,000 after buying an additional 371 shares during the last quarter. Institutional investors own 88.83% of the company’s stock.

In other news, Director Bruce W. Duncan purchased 11,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were bought at an average cost of $89.14 per share, with a total value of $980,540.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael E. Labelle sold 16,337 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $137.33, for a total transaction of $2,243,560.21. Following the sale, the chief financial officer now directly owns 19,891 shares in the company, valued at $2,731,631.03. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price target on shares of Boston Properties from $146.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price target on shares of Boston Properties from $147.00 to $118.00 and set a “neutral” rating for the company in a report on Tuesday, April 28th. Deutsche Bank cut their price target on shares of Boston Properties from $158.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Mizuho cut their price target on shares of Boston Properties from $152.00 to $105.00 and set a “neutral” rating for the company in a report on Tuesday, April 28th. Finally, Robert W. Baird increased their price target on shares of Boston Properties from $152.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Boston Properties has a consensus rating of “Hold” and a consensus price target of $129.58.

Shares of NYSE BXP opened at $79.91 on Friday. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.26 and a beta of 1.10. Boston Properties, Inc. has a 52 week low of $71.57 and a 52 week high of $147.83. The company’s 50-day moving average price is $89.52 and its 200 day moving average price is $122.04. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 1.47.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $3.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $2.39. The firm had revenue of $752.60 million for the quarter, compared to analysts’ expectations of $761.83 million. Boston Properties had a net margin of 30.83% and a return on equity of 11.64%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. As a group, research analysts expect that Boston Properties, Inc. will post 7.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a $0.98 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $3.92 dividend on an annualized basis and a yield of 4.91%. Boston Properties’s payout ratio is 55.92%.

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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