Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 17,351 Shares of Boston Properties, Inc. (NYSE:BXP)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Boston Properties, Inc. (NYSE:BXPGet Rating) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 163,379 shares of the real estate investment trust’s stock after acquiring an additional 17,351 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.10% of Boston Properties worth $12,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moody National Bank Trust Division grew its stake in Boston Properties by 38.7% in the 2nd quarter. Moody National Bank Trust Division now owns 4,529 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 1,263 shares in the last quarter. Artemis Investment Management LLP grew its stake in Boston Properties by 59.7% in the 2nd quarter. Artemis Investment Management LLP now owns 279,628 shares of the real estate investment trust’s stock worth $24,950,000 after buying an additional 104,496 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in Boston Properties by 205.0% in the 2nd quarter. ExodusPoint Capital Management LP now owns 64,411 shares of the real estate investment trust’s stock worth $5,731,000 after buying an additional 43,292 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in Boston Properties by 9.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,550 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 316 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in Boston Properties by 9.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 5,241 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 459 shares in the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.

Boston Properties Trading Down 0.0 %

Shares of BXP opened at $71.20 on Tuesday. The company’s fifty day moving average is $69.22 and its 200 day moving average is $77.29. Boston Properties, Inc. has a fifty-two week low of $64.03 and a fifty-two week high of $133.11. The stock has a market capitalization of $11.16 billion, a PE ratio of 12.28 and a beta of 1.02. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, December 29th. Boston Properties’s payout ratio is 67.59%.

Analyst Upgrades and Downgrades

BXP has been the subject of a number of research reports. Scotiabank raised shares of Boston Properties from a “sector perform” rating to a “sector outperform” rating and cut their price target for the stock from $102.00 to $94.00 in a research note on Thursday, September 22nd. Piper Sandler cut their price objective on shares of Boston Properties from $90.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, October 7th. Mizuho cut 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 note on Wednesday, January 4th. StockNews.com started coverage on shares of Boston Properties in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, UBS Group dropped their price target on shares of Boston Properties from $98.00 to $79.00 and set a “neutral” rating for the company in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.99.

Boston Properties Profile

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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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