DekaBank Deutsche Girozentrale raised its holdings in Boston Properties, Inc. (NYSE:BXP – Free Report) by 47.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,932 shares of the real estate investment trust’s stock after purchasing an additional 29,695 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Boston Properties were worth $4,952,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of BXP. Armstrong Advisory Group Inc. acquired a new stake in shares of Boston Properties in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC lifted its stake in shares of Boston Properties by 103.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 464 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 236 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Boston Properties in the 4th quarter valued at $32,000. CENTRAL TRUST Co lifted its stake in shares of Boston Properties by 103.8% in the 3rd quarter. CENTRAL TRUST Co now owns 540 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 275 shares during the last quarter. Finally, Silvant Capital Management LLC lifted its stake in shares of Boston Properties by 186.9% in the 4th quarter. Silvant Capital Management LLC now owns 614 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.
Boston Properties Stock Up 0.1 %
BXP opened at $61.02 on Thursday. The company has a market cap of $9.57 billion, a P/E ratio of 12.23 and a beta of 1.12. The business’s 50-day moving average price is $52.98 and its 200-day moving average price is $59.07. The company has a current ratio of 4.76, a quick ratio of 4.76 and a debt-to-equity ratio of 1.80. Boston Properties, Inc. has a 12 month low of $46.18 and a 12 month high of $91.57.
Boston Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Thursday, June 29th. Boston Properties’s dividend payout ratio is currently 78.56%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on BXP. Piper Sandler dropped their price target on Boston Properties from $74.00 to $57.00 and set a “neutral” rating for the company in a research note on Tuesday, March 21st. Truist Financial lowered their target price on Boston Properties from $86.00 to $75.00 in a research report on Thursday, July 6th. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, June 5th. Argus decreased their price target on Boston Properties from $82.00 to $70.00 in a report on Monday, May 1st. Finally, Evercore ISI reduced their target price on Boston Properties from $79.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $71.85.
Insider Buying and Selling
In other news, Director Carol B. Einiger acquired 10,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were acquired at an average cost of $47.41 per share, with a total value of $474,100.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $474,100. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.09% of the stock is owned by insiders.
About Boston Properties
BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.
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