Boston Properties, Inc. (NYSE:BXP) Position Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in Boston Properties, Inc. (NYSE:BXP) by 66.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,741 shares of the real estate investment trust’s stock after purchasing an additional 31,841 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Boston Properties worth $4,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Guggenheim Capital LLC boosted its position in Boston Properties by 12.6% during the first quarter. Guggenheim Capital LLC now owns 138,923 shares of the real estate investment trust’s stock valued at $7,519,000 after purchasing an additional 15,585 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Boston Properties by 27.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 113,113 shares of the real estate investment trust’s stock valued at $6,122,000 after buying an additional 24,313 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Boston Properties by 13.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 78,744 shares of the real estate investment trust’s stock valued at $4,262,000 after buying an additional 9,327 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Boston Properties by 281.3% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 18,737 shares of the real estate investment trust’s stock worth $1,014,000 after buying an additional 13,823 shares during the last quarter. Finally, Credit Suisse AG raised its position in Boston Properties by 0.6% during the first quarter. Credit Suisse AG now owns 363,808 shares of the real estate investment trust’s stock valued at $19,689,000 after acquiring an additional 2,271 shares in the last quarter. 94.58% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Stock Performance

NYSE:BXP opened at $66.68 on Friday. The firm’s 50-day moving average is $63.37 and its 200-day moving average is $57.65. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 15.76, a PEG 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 52-week low of $46.18 and a 52-week high of $87.61.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $3.92 annualized dividend and a yield of 5.88%. Boston Properties’s dividend payout ratio is 92.67%.

Wall Street Analyst Weigh In

BXP has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Boston Properties from $56.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. Truist Financial cut their target price on Boston Properties from $86.00 to $75.00 in a report on Thursday, July 6th. Citigroup upped their price target on Boston Properties from $54.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Argus downgraded Boston Properties from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Wells Fargo & Company upped 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. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.52.

About Boston Properties

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.