Boston Properties (BXP) Shares Sold by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC reduced its position in Boston Properties (NYSE:BXP) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,745 shares of the real estate investment trust’s stock after selling 625 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Boston Properties were worth $708,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Boston Properties by 397.1% during the fourth quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 1,219 shares during the period. Advisor Partners LLC lifted its holdings in shares of Boston Properties by 22.3% during the fourth quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 429 shares during the period. American Trust Investment Advisors LLC lifted its holdings in shares of Boston Properties by 69.0% during the fourth quarter. American Trust Investment Advisors LLC now owns 3,845 shares of the real estate investment trust’s stock worth $500,000 after purchasing an additional 1,570 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Boston Properties by 37.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $501,000 after acquiring an additional 1,056 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Boston Properties by 16.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,264 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 607 shares during the period. 95.34% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have recently weighed in on BXP shares. Jefferies Group restated a “hold” rating on shares of Boston Properties in a research report on Tuesday, February 27th. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BMO Capital Markets restated a “hold” rating and issued a $134.00 price target on shares of Boston Properties in a research report on Thursday, February 1st. JPMorgan Chase restated a “neutral” rating and issued a $133.00 price target (down previously from $136.00) on shares of Boston Properties in a research report on Tuesday, March 13th. Finally, Bank of America upgraded Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Boston Properties presently has an average rating of “Hold” and an average target price of $131.54.

BXP traded up $0.47 during midday trading on Friday, hitting $122.29. The company’s stock had a trading volume of 13,619 shares, compared to its average volume of 807,918. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.14 and a quick ratio of 0.43. The stock has a market capitalization of $18,645.77, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 3.29 and a beta of 0.57. Boston Properties has a 52-week low of $111.57 and a 52-week high of $132.00.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 EPS for the quarter, beating the consensus estimate of $0.64 by $0.50. The company had revenue of $661.20 million during the quarter, compared to analysts’ expectations of $648.23 million. Boston Properties had a return on equity of 6.81% and a net margin of 20.48%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. equities research analysts anticipate that Boston Properties will post 6.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Thursday, March 29th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 28th.

Boston Properties Profile

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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