Fifth Third Bancorp Purchases 1,881 Shares of Boston Properties, Inc. (NYSE:BXP)

Fifth Third Bancorp increased its position in Boston Properties, Inc. (NYSE:BXPFree Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,102 shares of the real estate investment trust’s stock after purchasing an additional 1,881 shares during the quarter. Fifth Third Bancorp’s holdings in Boston Properties were worth $3,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BXP. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Boston Properties during the 4th quarter worth approximately $29,000. Eagle Bay Advisors LLC bought a new stake in shares of Boston Properties during the 2nd quarter worth approximately $31,000. Sound Income Strategies LLC lifted its holdings in shares of Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 424 shares during the period. Quarry LP lifted its holdings in shares of Boston Properties by 170.4% during the 1st quarter. Quarry LP now owns 676 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 426 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in shares of Boston Properties by 103.8% during the 3rd quarter. CENTRAL TRUST Co now owns 540 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 275 shares during the period. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BXP. Jefferies Financial Group raised shares of Boston Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $57.00 to $80.00 in a report on Tuesday, January 2nd. Truist Financial dropped their price objective on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 5th. Piper Sandler increased their price objective on shares of Boston Properties from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, December 20th. Barclays dropped their price target on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 27th. Finally, StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Boston Properties has a consensus rating of “Hold” and a consensus target price of $69.56.

View Our Latest Analysis on Boston Properties

Insiders Place Their Bets

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Boston Properties Trading Down 1.9 %

NYSE:BXP opened at $62.06 on Wednesday. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 51.29 and a beta of 1.15. The firm has a fifty day simple moving average of $65.14 and a two-hundred day simple moving average of $62.66. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97.

Boston Properties (NYSE:BXPGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.05). The company had revenue of $828.90 million during the quarter, compared to analyst estimates of $811.59 million. Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. Analysts expect that Boston Properties, Inc. will post 7.12 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s payout ratio is 323.97%.

Boston Properties Profile

(Free Report)

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) 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.

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

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