Teza Capital Management LLC Makes New Investment in Boston Properties, Inc. (NYSE:BXP)

Teza Capital Management LLC purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,703 shares of the real estate investment trust’s stock, valued at approximately $1,299,000. Boston Properties accounts for approximately 0.7% of Teza Capital Management LLC’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of BXP. Kaizen Advisory LLC grew its stake in shares of Boston Properties by 21.5% in the 4th quarter. Kaizen Advisory LLC now owns 435 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 77 shares during the period. Rational Advisors LLC boosted its holdings in shares of Boston Properties by 66.4% in the 1st quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 81 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in shares of Boston Properties by 58.7% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 246 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 91 shares in the last quarter. 6 Meridian boosted its holdings in shares of Boston Properties by 2.4% in the 1st quarter. 6 Meridian now owns 3,945 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 93 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Boston Properties by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the real estate investment trust’s stock worth $1,098,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

In related news, insider Bryan J. Koop sold 5,616 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total value of $752,263.20. Following the completion of the sale, the insider now directly owns 10,175 shares in the company, valued at approximately $1,362,941.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bryan J. Koop sold 4,121 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $134.40, for a total transaction of $553,862.40. Following the completion of the sale, the insider now owns 585 shares of the company’s stock, valued at $78,624. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.

Several research analysts have issued reports on the company. Deutsche Bank upped their price objective on Boston Properties from $134.00 to $138.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Zacks Investment Research downgraded Boston Properties from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Morgan Stanley increased their price target on Boston Properties from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Monday, June 17th. ValuEngine downgraded Boston Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Evercore ISI upgraded shares of Boston Properties from an “in-line” rating to an “outperform” rating and set a $131.51 price objective for the company in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $137.29.

BXP stock traded up $0.97 during trading hours on Friday, reaching $129.00. 982,500 shares of the stock were exchanged, compared to its average volume of 711,768. The firm’s 50-day simple moving average is $133.37. The company has a market cap of $19.86 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.78 and a current ratio of 3.78. Boston Properties, Inc. has a 12 month low of $107.84 and a 12 month high of $140.35.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.06. The firm had revenue of $725.80 million during the quarter, compared to analysts’ expectations of $703.16 million. Boston Properties had a return on equity of 6.31% and a net margin of 18.15%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. Equities analysts expect that Boston Properties, Inc. will post 6.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, June 27th. Boston Properties’s payout ratio is 60.32%.

Boston Properties Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners 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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