Toronto Dominion Bank cut its stake in shares of Boston Properties, Inc. (NYSE:BXP – Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,577 shares of the real estate investment trust’s stock after selling 5,769 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Boston Properties worth $4,791,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kinneret Advisory LLC raised its stake in Boston Properties by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust’s stock valued at $525,000 after acquiring an additional 90 shares during the last quarter. Toroso Investments LLC raised its stake in Boston Properties by 6.7% during the 1st quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 121 shares during the last quarter. Yousif Capital Management LLC increased its position in Boston Properties by 0.4% during the 1st quarter. Yousif Capital Management LLC now owns 28,520 shares of the real estate investment trust’s stock worth $3,673,000 after purchasing an additional 125 shares during the period. Shell Asset Management Co. increased its position in Boston Properties by 4.8% during the 4th quarter. Shell Asset Management Co. now owns 3,191 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 146 shares during the period. Finally, Midwest Professional Planners LTD. increased its position in Boston Properties by 5.1% during the 4th quarter. Midwest Professional Planners LTD. now owns 2,990 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 146 shares during the period. 94.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
BXP has been the topic of several recent analyst reports. Evercore ISI boosted their target price on Boston Properties from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Wells Fargo & Company boosted their target price on Boston Properties from $64.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 9th. Barclays boosted their target price on Boston Properties from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, August 25th. Citigroup boosted their target price on Boston Properties from $54.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Finally, Argus cut Boston Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.52.
Boston Properties Price Performance
Shares of NYSE:BXP opened at $66.68 on Friday. The business’s fifty day moving average price is $63.37 and its two-hundred day moving average price is $57.65. The stock has a market cap of $10.46 billion, a PE ratio of 15.76, 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 quick ratio of 5.76 and a current ratio of 5.76. Boston Properties, Inc. has a one year low of $46.18 and a one year high of $87.61.
Boston Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date was Thursday, June 29th. Boston Properties’s dividend payout ratio is presently 92.67%.
Boston Properties Company Profile
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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