Redpoint Investment Management Pty Ltd Has $1.57 Million Stock Holdings in Boston Properties, Inc. (NYSE:BXP)


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Redpoint Investment Management Pty Ltd lifted its stake in Boston Properties, Inc. (NYSE:BXP) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 16,624 shares of the real estate investment trust’s stock after purchasing an additional 528 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Boston Properties were worth $1,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BXP. Orion Portfolio Solutions LLC increased its stake in shares of Boston Properties by 88.7% in the second quarter. Orion Portfolio Solutions LLC now owns 317 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 149 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Boston Properties by 44.5% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 141 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Boston Properties by 75.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 535 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Boston Properties by 270.8% in the third quarter. Harbor Investment Advisory LLC now owns 723 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 528 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Boston Properties by 76.7% in the fourth quarter. Huntington National Bank now owns 615 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 267 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BXP opened at $92.09 on Thursday. Boston Properties, Inc. has a 12-month low of $69.69 and a 12-month high of $147.83. The company has a quick ratio of 7.03, a current ratio of 7.03 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $14.33 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 6.19 and a beta of 1.24. The firm has a 50-day moving average price of $96.90 and a 200 day moving average price of $88.62.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Sunday, November 1st. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($1.06). Boston Properties had a return on equity of 12.31% and a net margin of 35.17%. On average, research analysts expect that Boston Properties, Inc. will post 6.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 28th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Wednesday, December 30th. Boston Properties’s payout ratio is 55.92%.

A number of equities analysts have recently weighed in on the stock. Raymond James reaffirmed a “buy” rating on shares of Boston Properties in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft cut shares of Boston Properties from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a report on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of Boston Properties from $87.00 to $105.00 in a report on Tuesday, December 15th. Smith Barney Citigroup upped their price objective on shares of Boston Properties from $87.00 to $105.00 in a report on Tuesday, December 15th. Finally, UBS Group began coverage on shares of Boston Properties in a report on Friday, October 16th. They issued a “neutral” rating and a $83.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $102.82.

Boston Properties Profile

Boston Properties (NYSE: BXP) is the largest publicly-held developer and owner 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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