Handelsbanken Fonder AB Purchases 4,277 Shares of Boston Properties, Inc. (NYSE:BXP)

Handelsbanken Fonder AB lifted its position in Boston Properties, Inc. (NYSE:BXPGet Rating) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,777 shares of the real estate investment trust’s stock after buying an additional 4,277 shares during the quarter. Handelsbanken Fonder AB’s holdings in Boston Properties were worth $5,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kinneret Advisory LLC grew its stake in shares of Boston Properties by 2.3% in the first quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 90 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in Boston Properties by 1.5% during the second quarter. United Capital Financial Advisers LLC now owns 8,041 shares of the real estate investment trust’s stock worth $716,000 after purchasing an additional 121 shares during the period. Toroso Investments LLC boosted its position in Boston Properties by 6.7% during the first quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 121 shares during the period. Veriti Management LLC boosted its position in Boston Properties by 4.9% during the second quarter. Veriti Management LLC now owns 2,634 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 122 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Boston Properties by 0.4% during the first 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. 88.62% of the stock is owned by institutional investors.

Boston Properties Stock Up 4.5 %

BXP stock opened at $67.05 on Monday. The company has a market cap of $10.51 billion, a PE ratio of 11.56 and a beta of 1.02. The business has a 50-day simple moving average of $69.49 and a 200 day simple moving average of $78.18. Boston Properties, Inc. has a 52 week low of $64.03 and a 52 week high of $133.11. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 1.68.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Thursday, December 29th. Boston Properties’s dividend payout ratio (DPR) is presently 67.59%.

Wall Street Analyst Weigh In

A number of research firms have commented on BXP. Deutsche Bank Aktiengesellschaft cut shares of Boston Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $91.00 to $74.00 in a research report on Wednesday, January 4th. Credit Suisse Group cut shares of Boston Properties from an “outperform” rating to a “neutral” rating and set a $71.82 price objective for the company. in a research report on Thursday, October 20th. Mizuho reduced their price objective on shares of Boston Properties from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, January 4th. Robert W. Baird reduced their target price on shares of Boston Properties from $105.00 to $83.00 in a research report on Friday, September 23rd. Finally, Wells Fargo & Company reduced their target price on shares of Boston Properties to $76.00 in a research report on Wednesday, December 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.99.

About Boston Properties

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

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