Van ECK Associates Corp reduced its stake in shares of Boston Properties, Inc. (NYSE:BXP – Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,481 shares of the real estate investment trust’s stock after selling 1,834 shares during the quarter. Van ECK Associates Corp’s holdings in Boston Properties were worth $2,516,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of Boston Properties by 3,266.1% during the 1st quarter. Pacer Advisors Inc. now owns 11,108 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 10,778 shares in the last quarter. Abundance Wealth Counselors boosted its holdings in shares of Boston Properties by 49.9% during the 1st quarter. Abundance Wealth Counselors now owns 4,502 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 1,498 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Boston Properties by 11.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 57,092 shares of the real estate investment trust’s stock valued at $3,090,000 after buying an additional 5,825 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Boston Properties by 4.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,979 shares of the real estate investment trust’s stock valued at $1,785,000 after buying an additional 1,385 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of Boston Properties during the 1st quarter valued at $353,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
Boston Properties Price Performance
Shares of NYSE:BXP opened at $67.04 on Thursday. The company has a market capitalization of $10.51 billion, a P/E ratio of 13.43, a P/E/G ratio of 7.70 and a beta of 1.14. Boston Properties, Inc. has a 1-year low of $46.18 and a 1-year high of $90.81. The firm’s 50 day simple moving average is $57.27 and its two-hundred day simple moving average is $58.68. The company has a debt-to-equity ratio of 1.80, a current ratio of 4.76 and a quick ratio of 4.76.
Boston Properties Dividend Announcement
Wall Street Analyst Weigh In
A number of analysts have recently commented on BXP shares. Argus dropped their target price on shares of Boston Properties from $82.00 to $70.00 in a report on Monday, May 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price target on shares of Boston Properties in a research note on Wednesday, July 19th. Barclays upped their price target on shares of Boston Properties from $57.00 to $58.00 in a research note on Wednesday, June 14th. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. Finally, Truist Financial dropped their price target on shares of Boston Properties from $86.00 to $75.00 in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $71.85.
View Our Latest Report on Boston Properties
Insider Transactions at Boston Properties
In other news, Director Carol B. Einiger acquired 10,000 shares of Boston Properties stock in a transaction dated Friday, May 26th. The stock was purchased at an average cost of $47.41 per share, with a total value of $474,100.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $474,100. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.09% of the company’s stock.
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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