Pensionfund DSM Netherlands Has $871,000 Stake in Boston Properties, Inc. (NYSE:BXP)

Pensionfund DSM Netherlands trimmed its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,717 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Boston Properties were worth $871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Toronto Dominion Bank increased its stake in Boston Properties by 15.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after buying an additional 6,687 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Boston Properties in the 3rd quarter valued at approximately $58,000. Harvest Fund Management Co. Ltd grew its stake in shares of Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Boston Properties by 9.8% in the third quarter. Crossmark Global Holdings Inc. now owns 8,575 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 763 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Boston Properties by 12.0% in the 3rd quarter. Van ECK Associates Corp now owns 69,275 shares of the real estate investment trust’s stock valued at $6,024,000 after acquiring an additional 7,447 shares during the period. 98.72% of the stock is owned by institutional investors.

Boston Properties Price Performance

BXP stock traded down $1.28 during mid-day trading on Monday, hitting $73.63. The stock had a trading volume of 79,547 shares, compared to its average volume of 570,648. The firm has a fifty day simple moving average of $79.45 and a 200 day simple moving average of $75.52. The firm has a market capitalization of $11.64 billion, a P/E ratio of 31.87, a P/E/G ratio of 0.55 and a beta of 1.18. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The firm had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. During the same period last year, the business earned $1.86 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that Boston Properties, Inc. will post 7.1 EPS for the current year.

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.32%. Boston Properties’s dividend payout ratio is currently 169.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BXP shares. Evercore ISI boosted their price target on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Wedbush downgraded shares of Boston Properties from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $81.00 to $70.00 in a research report on Thursday. Finally, Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average target price of $81.69.

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.