Bank of Nova Scotia Has $1.06 Million Stake in Boston Properties, Inc. (NYSE:BXP)

Bank of Nova Scotia decreased its stake in shares of Boston Properties, Inc. (NYSE:BXPGet Rating) by 49.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,864 shares of the real estate investment trust’s stock after selling 11,552 shares during the quarter. Bank of Nova Scotia’s holdings in Boston Properties were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Boston Properties by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,383,095 shares of the real estate investment trust’s stock worth $3,011,742,000 after buying an additional 404,123 shares during the period. State Street Corp grew its position in Boston Properties by 6.1% in the 1st quarter. State Street Corp now owns 11,026,679 shares of the real estate investment trust’s stock valued at $1,430,779,000 after purchasing an additional 638,452 shares during the period. Capital World Investors grew its position in Boston Properties by 3.5% in the 1st quarter. Capital World Investors now owns 7,676,647 shares of the real estate investment trust’s stock valued at $988,752,000 after purchasing an additional 260,955 shares during the period. APG Asset Management US Inc. grew its position in Boston Properties by 1.7% in the 1st quarter. APG Asset Management US Inc. now owns 7,624,410 shares of the real estate investment trust’s stock valued at $982,024,000 after purchasing an additional 125,518 shares during the period. Finally, Invesco Ltd. grew its position in Boston Properties by 9.0% in the 1st quarter. Invesco Ltd. now owns 1,529,693 shares of the real estate investment trust’s stock valued at $197,025,000 after purchasing an additional 125,874 shares during the period. Institutional investors and hedge funds own 92.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BXP. TheStreet downgraded shares of Boston Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, September 6th. Sumitomo Mitsui Financial Group downgraded shares of Boston Properties from an “outperform” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a report on Thursday, August 4th. Piper Sandler cut their price objective on shares of Boston Properties from $90.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, October 7th. Morgan Stanley cut their price objective on shares of Boston Properties from $80.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, September 9th. Finally, Credit Suisse Group downgraded shares of Boston Properties from an “outperform” rating to a “neutral” rating and set a $71.82 price objective on the stock. in a report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.30.

Boston Properties Trading Up 0.4 %

Shares of Boston Properties stock opened at $70.89 on Friday. Boston Properties, Inc. has a 52-week low of $68.80 and a 52-week high of $133.11. The stock’s 50-day simple moving average is $74.75 and its 200 day simple moving average is $87.79. The stock has a market capitalization of $11.11 billion, a P/E ratio of 12.22 and a beta of 1.05. The company has a debt-to-equity ratio of 1.68, a quick ratio of 4.08 and a current ratio of 4.08.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Thursday, September 29th. Boston Properties’s dividend payout ratio is currently 67.59%.

Boston Properties Profile

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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.