UBS Group AG Increases Position in Boston Properties, Inc. (NYSE:BXP)

UBS Group AG increased its stake in shares of Boston Properties, Inc. (NYSE:BXPFree Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,191 shares of the real estate investment trust’s stock after purchasing an additional 427 shares during the quarter. UBS Group AG owned approximately 0.06% of Boston Properties worth $6,960,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BXP. Ieq Capital LLC boosted its holdings in shares of Boston Properties by 1.5% in the 4th quarter. Ieq Capital LLC now owns 11,184 shares of the real estate investment trust’s stock valued at $785,000 after buying an additional 164 shares in the last quarter. Carson Advisory Inc. lifted its position in Boston Properties by 4.3% during the fourth quarter. Carson Advisory Inc. now owns 4,853 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 202 shares during the last quarter. Cambridge Trust Co. boosted its stake in Boston Properties by 80.1% in the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 250 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Boston Properties by 5.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,431 shares of the real estate investment trust’s stock worth $381,000 after purchasing an additional 257 shares during the last quarter. Finally, Caprock Group LLC increased its position in shares of Boston Properties by 6.7% during the fourth quarter. Caprock Group LLC now owns 4,660 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 293 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Stock Down 0.4 %

Shares of BXP stock opened at $59.72 on Thursday. Boston Properties, Inc. has a twelve month low of $49.69 and a twelve month high of $73.97. The stock has a market cap of $9.38 billion, a P/E ratio of 48.95, a P/E/G ratio of 0.42 and a beta of 1.15. The stock has a 50 day moving average of $61.30 and a 200 day moving average of $64.12. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 1.91.

Boston Properties (NYSE:BXPGet Free Report) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The firm had revenue of $839.44 million for the quarter, compared to analysts’ expectations of $808.68 million. During the same period last year, the firm earned $1.73 earnings per share. Boston Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Boston Properties, Inc. will post 7.05 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend was Wednesday, March 27th. Boston Properties’s payout ratio is currently 321.31%.

Analyst Upgrades and Downgrades

BXP has been the topic of several recent analyst reports. Truist Financial reduced their target price on Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 5th. Barclays decreased their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. BMO Capital Markets decreased their price target on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Finally, Evercore ISI dropped their price objective on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Boston Properties presently has a consensus rating of “Hold” and an average target price of $69.47.

Get Our Latest Stock Report on Boston Properties

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.

Recommended 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.