According to the most recent disclosure that Westpac Banking Corp.
Made with the SEC, during the third quarter of 2018, the company reduced its holdings in Boston Properties, INC (NYSE: BXP) by 38.7%. Following the sale of 46,615 shares of the real estate investment trust’s stock throughout the time frame, the fund’s holdings were reduced to 73,757 shares at the end of the period.
The total value of Boston Properties’ holdings in Westpac Banking Corporation was $5,530,000 when the most recent reporting period closed.
In the most recent few months, various other hedge funds participated in transactions that included buying and selling company shares.
During the second quarter of the fiscal year, Eagle Bay Advisors LLC made a new investment in Boston Properties, totaling $31,000.
This investment was a stake in the company.
The percentage of ownership of Boston Properties held by Cambridge Trust Company increased by 83.6% during the second quarter.
Due to the purchase of the additional 179 shares, Cambridge Trust Company now owns a total of 393 shares in the real estate investment trust.
These shares have a combined value of $35,000 for the company. Chilton Capital Management LLC made a new investment in Boston Properties during the second quarter of the fiscal year.
The value of this investment was approximately $36,000.
The brand-new Boston Properties shares were purchased with an investment of approximately $44,000 by Venture Visionary Partners LLC during the year’s second quarter.
Due to the acquisition of a new position in the third quarter, Wipfli Financial Advisors LLC was able to boost the value of its existing holdings in Boston Properties by $53,000. Hedge funds and other institutional investors own a total of 88.62% of the outstanding shares of stock.
Wednesday marked the beginning of trading for the company’s shares, and the opening price per share was $73.50.
It has a price-to-earnings ratio of 13.61 and a beta value of 1.06, which results in a market value of 11.52 billion dollars for the company.
The current moving average for the company over the past 50 days is $69.45, and the moving average over the last 200 days is $75.50.
The debt-to-equity ratio comes in at 1.73, the current ratio comes in at 4.19, the quick ratio comes in at 4.08, and the current ratio comes in at 4.19.
The lowest point in the past year for Boston Properties, INC was $64.03, while the company reached its all-time high of $133.11 during the same period.
On February 1, Boston Properties released its most recent quarterly earnings report.
Boston Properties is listed on the NYSE under the symbol BXP.
The earnings per share (EPS) for the real estate investment trust (REIT) for the quarter came in at $0.78, which was $1.06 less than the average analyst projection of $1.84.
The return on equity for Boston Properties was 10.31%, and the net margin for the company was 27.31%.
The company’s sales for the quarter came in at $789.82 million, which is substantially higher than the general projection of $732.90 million that market analysts made.
The company reported $1.55 per share earnings for the same quarter in the prior year’s financial statements.
According to projections made by financial analysts, the current financial year is expected to result in earnings of 7.18 cents per share for Boston Properties, INC
In addition, the company recently announced and paid out a quarterly dividend, which was done on the 30th of this month.
The dividend was distributed. On Friday, December 30, shareholders of record were awarded dividends totaling $0.98, which were distributed to those shareholders.
This translates into a dividend payment of $3.92 per year when calculated on an annualized basis and a dividend yield of 5.33 percent.
Thursday, December 29, was the day that the dividend was disbursed; that day was also the month of December.
The dividend payout ratio (DPR) for Boston Properties is 72.59%.
Regarding the stock, a great number of analysts who specialize in equity research have published articles. Wells Fargo & Company announced in a research report released on Wednesday, December 14, that they would lower their price objective on Boston Properties to $76.00.This news came as part of the firm’s announcement that it would also be lowering its price objective on other properties.
In a research note published on January 4, Mizuho reduced their “buy” rating and target price for Boston Properties, which had previously been set at $95.00, to $85.00.
The previous target price had been $95.00.
BTIG Research changed its recommendation for Boston Properties from a “buy” rating to a “neutral” one in a research note published on Wednesday, October 19.
Deutsche Bank Aktiengesellschaft lowered its recommendation for Boston Properties, moving it from a “buy” rating to a “hold” rating in a study that was made public on January 4.
The findings of this study were made available to the public.
In addition, they lowered the price target they had set for the stock, which had previously been set at $91.00, to $74.00.
The price objective for Boston Properties was lowered from $98.00 to $79.00, and the company was given a “neutral” rating in a report released on Monday, October 24, by UBS Group.
The company distributed the report.
This brings us to the last point we will discuss. Five research analysts have given the company a recommendation to purchase the stock, ten research analysts have recommended that the stock be held, and one research analyst has recommended that the stock be sold.
According to the data provided by Bloomberg, the overall rating for the company has been set to “Hold,” and the overall price objective for the business has been set to $86.25.
The company’s real estate investment trust is referred to by its corporate name, Boston Properties, INC (REIT).
It is involved in the production of Class A real estate and its acquisition, management, and ownership.
The following are some cities in which the company maintains operations: Boston, New York City, San Francisco, and Washington.
It is widely believed that Edward H. Zuckerman and Mortimer B. Zuckerman were the company’s founders.