TD Asset Management Inc Has $3.10 Million Stock Position in Boston Properties, Inc. (NYSE:BXP)

Posted by on May 8th, 2023

TD Asset Management Inc reduced its position in Boston Properties, Inc. (NYSE:BXP – Get Rating) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,904 shares of the real estate investment trust’s stock after selling 195 shares during the period. TD Asset Management Inc’s holdings in Boston Properties were worth $3,102,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Boston Properties by 12.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 183,092 shares of the real estate investment trust’s stock valued at $12,198,000 after purchasing an additional 19,713 shares during the last quarter. EagleClaw Capital Managment LLC lifted its stake in Boston Properties by 5.1% in the 4th quarter. EagleClaw Capital Managment LLC now owns 4,150 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 200 shares during the last quarter. Glass Jacobson Investment Advisors llc acquired a new stake in Boston Properties in the 4th quarter valued at about $137,000. Aew Capital Management L P acquired a new stake in Boston Properties in the 4th quarter valued at about $16,534,000. Finally, Y.D. More Investments Ltd acquired a new stake in Boston Properties in the 4th quarter valued at about $277,000. 88.62% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Stock Performance

NYSE BXP opened at $51.93 on Monday. The company has a current ratio of 4.76, a quick ratio of 4.19 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 10.41 and a beta of 1.07. The firm’s 50 day simple moving average is $54.59 and its 200 day simple moving average is $64.89. Boston Properties, Inc. has a 1 year low of $46.18 and a 1 year high of $120.22.

Boston Properties (NYSE:BXP – Get Rating) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($1.20). The company had revenue of $803.20 million during the quarter, compared to analyst estimates of $778.80 million. Boston Properties had a net margin of 24.82% and a return on equity of 9.44%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS. As a group, research analysts expect that Boston Properties, Inc. will post 7.17 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, March 31st were paid a dividend of $0.98 per share. The ex-dividend date was Thursday, March 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 7.55%. Boston Properties’s payout ratio is presently 78.56%.

Insiders Place Their Bets

In related news, Director Matthew J. Lustig bought 10,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average price of $52.92 per share, with a total value of $529,200.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $529,200. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BXP. Morgan Stanley lowered their price target on shares of Boston Properties from $67.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, March 31st. Piper Sandler lowered their price target on shares of Boston Properties from $74.00 to $57.00 and set a “neutral” rating on the stock in a report on Tuesday, March 21st. Barclays cut shares of Boston Properties from an “overweight” rating to an “equal weight” rating and set a $57.00 price target on the stock. in a report on Thursday, March 23rd. Argus lowered their price target on shares of Boston Properties from $82.00 to $70.00 in a report on Monday, May 1st. Finally, StockNews.com began coverage on shares of Boston Properties in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Boston Properties currently has an average rating of “Hold” and an average price target of $73.49.

Boston Properties Company Profile

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Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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