Boston Properties, Inc. (NYSE:BXP) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc increased its stake in shares of Boston Properties, Inc. (NYSE:BXPFree Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,442 shares of the real estate investment trust’s stock after buying an additional 2,801 shares during the period. TD Asset Management Inc’s holdings in Boston Properties were worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BXP. Oppenheimer & Co. Inc. acquired a new stake in shares of Boston Properties in the 3rd quarter worth approximately $328,000. Massachusetts Financial Services Co. MA acquired a new stake in Boston Properties in the third quarter valued at $43,709,000. Charles Schwab Investment Management Inc. increased its position in shares of Boston Properties by 27.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,986,269 shares of the real estate investment trust’s stock valued at $118,143,000 after buying an additional 429,587 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Boston Properties by 8.9% during the 3rd quarter. Van ECK Associates Corp now owns 53,440 shares of the real estate investment trust’s stock worth $3,179,000 after buying an additional 4,371 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Boston Properties by 4.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,759 shares of the real estate investment trust’s stock worth $1,830,000 after buying an additional 1,277 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on BXP. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. BMO Capital Markets reduced their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Barclays dropped their price target on 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. Evercore ISI reduced their price objective on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, Truist Financial dropped their price objective on Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.47.

View Our Latest Report on Boston Properties

Boston Properties Stock Performance

Shares of NYSE:BXP opened at $59.26 on Friday. The business has a 50-day moving average of $61.09 and a two-hundred day moving average of $64.13. The firm has a market capitalization of $9.31 billion, a PE ratio of 48.57, a P/E/G ratio of 0.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 4.77. Boston Properties, Inc. has a 12 month low of $50.64 and a 12 month high of $73.97.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The business had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $1.73 EPS. As a group, research analysts forecast that Boston Properties, Inc. will post 7.05 earnings per share for the current year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a yield of 6.61%. Boston Properties’s dividend payout ratio (DPR) is 321.31%.

About Boston Properties

(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.

See Also

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

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