Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Holdings in Boston Properties, Inc. (BXP)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 4.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 49,470 shares of the real estate investment trust’s stock after acquiring an additional 2,070 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Boston Properties were worth $6,623,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BXP. BlackRock Inc. increased its holdings in Boston Properties by 1.7% during the 4th quarter. BlackRock Inc. now owns 16,120,682 shares of the real estate investment trust’s stock worth $1,814,382,000 after purchasing an additional 274,895 shares during the last quarter. Norges Bank purchased a new stake in Boston Properties during the 4th quarter worth approximately $1,196,899,000. FMR LLC increased its holdings in Boston Properties by 2.1% during the 4th quarter. FMR LLC now owns 6,993,478 shares of the real estate investment trust’s stock worth $787,116,000 after purchasing an additional 142,799 shares during the last quarter. Resolution Capital Ltd increased its holdings in Boston Properties by 18.6% during the 4th quarter. Resolution Capital Ltd now owns 6,007,941 shares of the real estate investment trust’s stock worth $77,322,000 after purchasing an additional 943,094 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Boston Properties by 8.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,274,888 shares of the real estate investment trust’s stock worth $526,197,000 after purchasing an additional 326,351 shares during the last quarter. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

BXP stock traded down $0.29 during trading on Wednesday, reaching $132.46. 386,676 shares of the company’s stock were exchanged, compared to its average volume of 696,425. 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 1-year low of $107.84 and a 1-year high of $140.35. The firm has a market capitalization of $20.65 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Boston Properties (NYSE:BXP) last announced its quarterly 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. Boston Properties had a return on equity of 6.31% and a net margin of 18.15%. The company had revenue of $725.80 million during the quarter, compared to analyst estimates of $703.16 million. During the same quarter in the previous year, the firm posted $1.49 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts predict that Boston Properties, Inc. will post 6.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.80 dividend on an annualized basis and a yield of 2.87%. Boston Properties’s dividend payout ratio (DPR) is presently 60.32%.

A number of equities research analysts have recently weighed in on the company. ValuEngine upgraded Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Morgan Stanley downgraded Boston Properties from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $130.00 to $116.00 in a report on Wednesday, March 13th. BMO Capital Markets reiterated a “hold” rating and issued a $135.00 price target on shares of Boston Properties in a report on Tuesday, January 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded Boston Properties from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Tuesday, February 12th. Finally, Evercore ISI upgraded Boston Properties from an “in-line” rating to an “outperform” rating and set a $131.51 price target for the company in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $136.71.

In other Boston Properties news, insider Bryan J. Koop sold 5,616 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $133.95, for a total transaction of $752,263.20. Following the completion of the transaction, the insider now owns 10,175 shares in the company, valued at approximately $1,362,941.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.99% of the company’s stock.

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About Boston Properties

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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