JPMorgan Chase & Co. Has $385.82 Million Stock Holdings in Boston Properties, Inc. (NYSE:BXP)

JPMorgan Chase & Co. lowered its stake in Boston Properties, Inc. (NYSE:BXP) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,795,163 shares of the real estate investment trust’s stock after selling 469,331 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.03% of Boston Properties worth $385,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BXP. Point72 Asia Singapore Pte. Ltd. grew its stake in Boston Properties by 212.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 386 shares in the last quarter. UMB Bank n.a. increased its holdings in Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 380 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 603 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Boston Properties in the third quarter valued at $58,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 547 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price objective on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Evercore ISI boosted their target price on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Finally, StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.38.

Boston Properties Stock Down 2.1 %

NYSE BXP opened at $74.61 on Friday. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.55 and a beta of 1.17. The company has a 50 day moving average of $80.73 and a 200-day moving average of $74.97. Boston Properties, Inc. has a 1-year low of $56.46 and a 1-year high of $90.11.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share 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 company had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Boston Properties, Inc. will post 7.1 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Boston Properties’s payout ratio is presently 169.70%.

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.