Advisor Partners LLC purchased a new position in Boston Properties, Inc. (NYSE:BXP – Get Rating ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,674 shares of the real estate investment trust’s stock, valued at approximately $216,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Boston Properties by 4,800.0% in the 1st quarter. Allworth Financial LP now owns 196 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 192 shares during the period. Chilton Capital Management LLC acquired a new stake in Boston Properties in the fourth quarter valued at approximately $29,000. Riverview Trust Co bought a new stake in Boston Properties in the 1st quarter worth about $30,000. UMB Bank NA MO purchased a new stake in Boston Properties in the fourth quarter valued at approximately $42,000. Finally, CVA Family Office LLC acquired a new stake in Boston Properties in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 98.02% of the company’s shares.
Boston Properties shares rose 2.1%
Shares of BXP opened at $87.39 on Friday. Boston Properties, Inc. it has a 1-year low of $84.86 and a 1-year high of $133.11. The company has a current ratio of 4.73, a quick ratio of 4.73, and a debt-to-equity ratio of 1.65. The stock’s fifty day simple moving average is $98.98 and its two hundred day simple moving average is $113.87. The stock has a market cap of $13.69 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.99 and a beta of 1.15.
Boston Properties (NYSE:BXP – Get Rating ) last released its earnings results on Monday, May 2nd. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.24. Boston Properties had a return on equity of 6.80% and a net margin of 18.69%. During the same period a year ago, the business earned $1.56 EPS. Analysts expect Boston Properties, Inc. will post 7.48 EPS for the current year.
Boston Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be issued a $0.98 dividend. The ex-dividend date is Wednesday, June 29th. This represents an annual dividend of $3.92 and a dividend yield of 4.49%. The dividend payout ratio of Boston Properties (DPR) is 112.32%.
Analyst upgrades and downgrades
A number of brokerages have commented on BXP. Jefferies Financial Group reduced their price objective on Boston Properties from $112.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. Morgan Stanley decreased their target price on Boston Properties from $111.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. Truist Financial decreased their target price on Boston Properties from $130.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Piper Sandler decreased their target price on Boston Properties to $120.00 in a research report on Monday, July 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Boston Properties from $131.00 to $139.00 and gave the company a “buy” rating in a research report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Boston Properties has a consensus rating of “Moderate Buy” and an average target price of $117.38, according to data from MarketBeat.
Company Profile of Boston Properties
Boston Properties (NYSE:BXP) is the largest public developer and owner of Class A office properties in the United States, focused 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 diversified portfolio of primarily Class A office space.
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Boston Properties, Inc. (NYSE:BXP – Get Rating ).
Get news and reviews for Boston Properties Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Boston Properties and related companies with MarketBeat.com ‘s FREE daily email newsletter.