Toronto Dominion Bank grew its stake in shares of Boston Properties, Inc. (NYSE:BXP – Get Rating) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,346 shares of the real estate investment trust’s stock after buying an additional 14,111 shares during the quarter. Toronto Dominion Bank owned 0.06% of Boston Properties worth $6,372,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of BXP. Allspring Global Investments Holdings LLC grew its stake in shares of Boston Properties by 311.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,929,994 shares of the real estate investment trust’s stock valued at $198,009,000 after buying an additional 2,218,223 shares during the last quarter. Waterfront Capital Partners LLC bought a new position in shares of Boston Properties during the third quarter valued at about $57,777,000. State Street Corp boosted its holdings in shares of Boston Properties by 6.1% during the first quarter. State Street Corp now owns 11,026,679 shares of the real estate investment trust’s stock worth $1,430,779,000 after purchasing an additional 638,452 shares during the period. Heitman Real Estate Securities LLC boosted its holdings in shares of Boston Properties by 2,536.7% during the third quarter. Heitman Real Estate Securities LLC now owns 542,432 shares of the real estate investment trust’s stock worth $40,666,000 after purchasing an additional 521,860 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Boston Properties by 1.8% during the first quarter. Vanguard Group Inc. now owns 23,383,095 shares of the real estate investment trust’s stock worth $3,011,742,000 after purchasing an additional 404,123 shares during the period. 88.62% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, Director Matthew J. Lustig purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were acquired at an average price of $52.92 per share, for a total transaction of $529,200.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $529,200. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.22% of the company’s stock.
Boston Properties Stock Up 2.5 %
Boston Properties (NYSE:BXP – Get Rating) last released 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 firm had revenue of $803.20 million for the quarter, compared to analysts’ expectations of $778.80 million. Boston Properties had a net margin of 24.82% and a return on equity of 9.44%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 EPS. On average, sell-side analysts forecast that Boston Properties, Inc. will post 7.17 earnings per share for the current fiscal year.
Boston Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, March 31st were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 7.55%. The ex-dividend date of this dividend was Thursday, March 30th. Boston Properties’s payout ratio is currently 78.56%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Barclays lowered shares of Boston Properties from an “overweight” rating to an “equal weight” rating and set a $57.00 target price for the company. in a report on Thursday, March 23rd. Argus lowered their price objective on shares of Boston Properties from $82.00 to $70.00 in a report on Monday, May 1st. Piper Sandler lowered their price objective on shares of Boston Properties from $74.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 21st. Evercore ISI lowered their price objective on shares of Boston Properties from $79.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 27th. Finally, StockNews.com began coverage on shares of Boston Properties in a report on Thursday, March 16th. They issued a “hold” rating for the company. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.49.
About Boston Properties
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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