Swiss National Bank Has $32.59 Million Stake in Boston Properties, Inc. (NYSE:BXP)

Swiss National Bank reduced its stake in Boston Properties, Inc. (NYSE:BXP) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 464,500 shares of the real estate investment trust’s stock after selling 13,300 shares during the period. Swiss National Bank’s holdings in Boston Properties were worth $32,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Boston Properties in the fourth quarter valued at $29,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Boston Properties during the fourth quarter valued at about $34,000. Sound Income Strategies LLC boosted its stake in shares of Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 424 shares during the last quarter. Cambridge Trust Co. boosted its position in Boston Properties by 80.1% in the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Boston Properties in the 3rd quarter worth about $47,000. 98.72% of the stock is owned by institutional investors.

Boston Properties Trading Down 1.2 %

NYSE:BXP opened at $60.86 on Wednesday. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97. The company has a current ratio of 4.77, a quick ratio of 5.40 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average price of $62.49 and a 200-day moving average price of $63.22. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 49.89 and a beta of 1.15.

Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million for the quarter, compared to analysts’ expectations of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.73 EPS. Equities analysts predict that Boston Properties, Inc. will post 7.07 EPS for the current year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 6.44%. The ex-dividend date was Wednesday, March 27th. Boston Properties’s dividend payout ratio is currently 321.31%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wedbush dropped their price objective on Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Barclays reduced their target price on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 27th. BMO Capital Markets decreased their price target on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Evercore ISI reduced their price objective on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Boston Properties presently has a consensus rating of “Hold” and an average price target of $69.53.

Insider Activity

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.35% of the company’s stock.

Boston Properties Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.