American Century Companies Inc. purchased a new position in Boston Properties, Inc. (NYSE:BXP – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 331,757 shares of the real estate investment trust’s stock, valued at approximately $17,955,000. American Century Companies Inc. owned about 0.21% of Boston Properties at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in shares of Boston Properties by 32.6% during the first quarter. Envestnet Asset Management Inc. now owns 345,666 shares of the real estate investment trust’s stock valued at $16,151,000 after acquiring an additional 84,966 shares in the last quarter. Meitav Investment House Ltd. lifted its stake in shares of Boston Properties by 11.0% during the first quarter. Meitav Investment House Ltd. now owns 26,400 shares of the real estate investment trust’s stock worth $1,405,000 after buying an additional 2,610 shares during the period. Cambria Investment Management L.P. grew its holdings in shares of Boston Properties by 16.7% during the first quarter. Cambria Investment Management L.P. now owns 4,263 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 609 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Boston Properties by 66.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 79,741 shares of the real estate investment trust’s stock valued at $4,315,000 after acquiring an additional 31,841 shares during the period. Finally, Guggenheim Capital LLC increased its position in shares of Boston Properties by 12.6% in the 1st quarter. Guggenheim Capital LLC now owns 138,923 shares of the real estate investment trust’s stock valued at $7,519,000 after acquiring an additional 15,585 shares during the period. 94.58% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Argus cut Boston Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. StockNews.com initiated coverage on Boston Properties in a research report on Thursday, August 17th. They issued a “sell” rating on the stock. Wells Fargo & Company raised their price target on shares of Boston Properties from $64.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 9th. The Goldman Sachs Group lifted their price objective on shares of Boston Properties from $56.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price objective on shares of Boston Properties in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.52.
Boston Properties Trading Down 0.8 %
Shares of NYSE:BXP opened at $66.77 on Friday. The business’s 50 day moving average price is $63.07 and its 200-day moving average price is $57.79. Boston Properties, Inc. has a 1 year low of $46.18 and a 1 year high of $87.61. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 5.68 and a beta of 1.14. The company has a debt-to-equity ratio of 1.90, a current ratio of 5.76 and a quick ratio of 5.76.
Boston Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend was Thursday, June 29th. Boston Properties’s payout ratio is 92.67%.
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.
Read More
- Five stocks we like better than Boston Properties
- How to Choose Top Rated Stocks
- 3 Takeaways from the August Inflation Report
- How to Invest in Blockchain Stocks Step by Step
- On Fire: 5 Best Artificial Intelligence Penny Stocks
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- 6 Cybersecurity Stocks: Which is the Best to Buy?
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXP – Free Report).
Receive News & Ratings 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.
