Traders Purchase Large Volume of Boston Properties Call Options (BXP)
Boston Properties, Inc. (NYSE:BXP) saw some unusual options trading on Wednesday. Stock investors purchased 1,370 call options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.
Institutional investors have recently made changes to their positions in the company. Harbour Capital Advisors LLC boosted its holdings in shares of Boston Properties by 12,201.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 13,422 shares during the period. Sun Life Financial INC boosted its holdings in shares of Boston Properties by 10,118.2% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,113 shares during the period. Jane Street Group LLC purchased a new position in shares of Boston Properties in the 1st quarter worth approximately $200,000. Garner Asset Management Corp purchased a new position in shares of Boston Properties in the 2nd quarter worth approximately $214,000. Finally, Clinton Group Inc. purchased a new position in shares of Boston Properties in the 2nd quarter worth approximately $236,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Boston Properties (NYSE:BXP) opened at $120.68 on Friday. The firm has a market cap of $18.95 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 3.56 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.43.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million during the quarter, compared to analysts’ expectations of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 EPS. analysts forecast that Boston Properties will post 6.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, September 28th. Boston Properties’s dividend payout ratio is presently 93.75%.
Several brokerages recently issued reports on BXP. SunTrust Banks, Inc. reissued a “hold” rating and set a $130.00 target price on shares of Boston Properties in a research note on Monday, October 9th. Evercore ISI reissued an “in-line” rating and set a $133.00 target price (up previously from $127.00) on shares of Boston Properties in a research note on Friday, October 6th. Jefferies Group LLC reissued a “hold” rating and set a $124.00 target price on shares of Boston Properties in a research note on Tuesday, October 24th. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research note on Wednesday, October 4th. Finally, Royal Bank Of Canada downgraded Boston Properties from a “top pick” rating to an “outperform” rating and decreased their target price for the company from $150.00 to $140.00 in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Boston Properties presently has an average rating of “Hold” and a consensus target price of $133.36.
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About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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