Oppenheimer & Co. Inc. Has $1.30 Million Position in Boston Properties, Inc. (NYSE:BXP)
Oppenheimer & Co. Inc. grew its position in Boston Properties, Inc. (NYSE:BXP – Free Report) by 237.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,572 shares of the real estate investment trust’s stock after purchasing an additional 13,062 shares during the period. Oppenheimer […] Oppenheimer & Co. Inc. has increased its position in Boston Properties, Inc. (NYSE:BXP) by 237.1% during the 4th quarter. The firm owned 18,572 shares of the real estate investment trust’s stock after purchasing an additional 13,062 shares during the period. Oppenheimer's holdings in the company were worth $1,303,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also made significant changes to their positions in the stock. Goldman Sachs Group Inc. raised its position by 11.4% during this period and now owns 2,036,968 shares of Boston Properties. The company's quarterly revenue was $1.73 million, missing analysts' estimates of $122 million.
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Oppenheimer & Co. Inc. grew its position in Boston Properties, Inc. (NYSE:BXP – Free Report) by 237.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,572 shares of the real estate investment trust’s stock after purchasing an additional 13,062 shares during the period. Oppenheimer & Co. Inc.’s holdings in Boston Properties were worth $1,303,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Centersquare Investment Management LLC increased its position in shares of Boston Properties by 30.9% in the 4th quarter. Centersquare Investment Management LLC now owns 1,986,707 shares of the real estate investment trust’s stock valued at $139,407,000 after buying an additional 468,950 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Boston Properties by 11.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,036,968 shares of the real estate investment trust’s stock worth $142,934,000 after purchasing an additional 209,141 shares during the period. KBC Group NV lifted its holdings in shares of Boston Properties by 143.0% during the 4th quarter. KBC Group NV now owns 24,807 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 14,598 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Boston Properties by 0.7% in the 4th quarter. California State Teachers Retirement System now owns 249,285 shares of the real estate investment trust’s stock valued at $17,492,000 after purchasing an additional 1,846 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in Boston Properties by 12.6% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 97,089 shares of the real estate investment trust’s stock worth $6,813,000 after purchasing an additional 10,853 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. Evercore ISI cut their price target on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Barclays reduced their target price on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Wedbush dropped their price target 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. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets dropped their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.47.
NYSE:BXP opened at $59.03 on Tuesday. The stock has a market capitalization of $9.27 billion, a PE ratio of 48.39, a P/E/G ratio of 0.41 and a beta of 1.15. Boston Properties, Inc. has a 1-year low of $50.64 and a 1-year high of $73.97. The firm has a fifty day simple moving average of $61.01 and a 200 day simple moving average of $64.31. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 1.91.
Boston Properties (NYSE:BXP – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million during the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.73 EPS. On average, research analysts expect that Boston Properties, Inc. will post 7.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.64%. Boston Properties’s dividend payout ratio is 321.31%.
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.
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المواضيع: Markets