Boston Properties Sees Unusually Large Options Volume (BXP)

Boston Properties, Inc. (NYSE:BXP) saw some unusual options trading activity on Friday. Traders purchased 1,922 put options on the company. This represents an increase of 1,313% compared to the typical daily volume of 136 put options.

Boston Properties (NYSE:BXP) opened at $115.35 on Monday. The firm has a market cap of $17,801.39, a price-to-earnings ratio of 18.57, a P/E/G ratio of 3.26 and a beta of 0.58. Boston Properties has a fifty-two week low of $111.82 and a fifty-two week high of $140.13. The company has a current ratio of 0.43, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The business had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. analysts anticipate that Boston Properties will post 6.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.77%. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, December 28th. Boston Properties’s payout ratio is 109.22%.

BXP has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $140.00 target price on shares of Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Argus lowered their target price on shares of Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Edward Jones upgraded shares of Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 5th. BMO Capital Markets restated a “hold” rating and set a $134.00 target price on shares of Boston Properties in a report on Thursday, February 1st. Finally, Robert W. Baird restated a “hold” rating and set a $134.00 target price on shares of Boston Properties in a report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $131.20.

A number of hedge funds have recently added to or reduced their stakes in the business. Norinchukin Bank The boosted its position in Boston Properties by 7.4% during the fourth quarter. Norinchukin Bank The now owns 12,338 shares of the real estate investment trust’s stock worth $1,604,000 after purchasing an additional 852 shares during the period. American International Group Inc. boosted its position in Boston Properties by 11.2% during the fourth quarter. American International Group Inc. now owns 57,854 shares of the real estate investment trust’s stock worth $7,523,000 after purchasing an additional 5,827 shares during the period. UBS Asset Management Americas Inc. boosted its position in Boston Properties by 6.3% during the fourth quarter. UBS Asset Management Americas Inc. now owns 756,613 shares of the real estate investment trust’s stock worth $98,382,000 after purchasing an additional 44,759 shares during the period. BlackRock Inc. boosted its position in Boston Properties by 1.4% during the fourth quarter. BlackRock Inc. now owns 15,489,489 shares of the real estate investment trust’s stock worth $2,014,100,000 after purchasing an additional 211,067 shares during the period. Finally, Rhumbline Advisers boosted its position in Boston Properties by 1.1% during the fourth quarter. Rhumbline Advisers now owns 298,963 shares of the real estate investment trust’s stock worth $38,874,000 after purchasing an additional 3,262 shares during the period. 95.87% of the stock is owned by hedge funds and other institutional investors.

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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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