Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Boston Properties, Inc. (NYSE:BXP – Get Rating) during the first quarter, HoldingsChannel reports. The institutional investor purchased 440 shares of the real estate investment trust’s stock, valued at approximately $57,000.
Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Boston Properties by 4,800.0% in the 1st quarter. Allworth Financial LP now owns 196 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 192 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Boston Properties in the 1st quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new stake in shares of Boston Properties in the 4th quarter valued at approximately $29,000. UMB Bank N A MO acquired a new stake in shares of Boston Properties in the 4th quarter valued at approximately $42,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Boston Properties in the 4th quarter valued at approximately $49,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
BXP has been the topic of a number of research analyst reports. Truist Financial reduced their price target on shares of Boston Properties from $130.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. StockNews.com began coverage on shares of Boston Properties in a report on Thursday, March 31st. They issued a “hold” rating for the company. Jefferies Financial Group dropped their price objective on shares of Boston Properties from $112.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Boston Properties from $139.00 to $104.00 in a report on Wednesday, July 20th. Finally, Mizuho dropped their price objective on shares of Boston Properties from $135.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.85.
Boston Properties Stock Up 0.6 %
Boston Properties (NYSE:BXP – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.24. Boston Properties had a net margin of 18.69% and a return on equity of 6.80%. During the same quarter last year, the business posted $1.56 earnings per share. Equities analysts predict that Boston Properties, Inc. will post 7.48 EPS for the current year.
Boston Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Wednesday, June 29th. Boston Properties’s dividend payout ratio (DPR) is 112.32%.
Boston Properties Profile
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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