Boston Properties, Inc. (NYSE:BXP) Shares Bought by Ossiam

Ossiam raised its position in Boston Properties, Inc. (NYSE:BXPFree Report) by 87.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,302 shares of the real estate investment trust’s stock after purchasing an additional 10,844 shares during the period. Ossiam’s holdings in Boston Properties were worth $1,635,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BXP. Norges Bank acquired a new stake in Boston Properties in the fourth quarter valued at $890,848,000. Ameriprise Financial Inc. boosted its stake in shares of Boston Properties by 86.2% during the third quarter. Ameriprise Financial Inc. now owns 1,957,055 shares of the real estate investment trust’s stock valued at $112,977,000 after acquiring an additional 906,069 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Boston Properties by 30.9% during the fourth quarter. Centersquare Investment Management LLC now owns 1,986,707 shares of the real estate investment trust’s stock valued at $139,407,000 after acquiring an additional 468,950 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Boston Properties by 43.9% during the third quarter. Earnest Partners LLC now owns 1,369,183 shares of the real estate investment trust’s stock valued at $81,439,000 after acquiring an additional 417,944 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Boston Properties by 51.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,113,987 shares of the real estate investment trust’s stock valued at $78,168,000 after acquiring an additional 379,136 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Stock Performance

Shares of NYSE:BXP opened at $59.03 on Tuesday. The company has a market cap of $9.27 billion, a P/E ratio of 48.39, a PEG ratio of 0.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. Boston Properties, Inc. has a one year low of $50.64 and a one year high of $73.97. The business’s 50-day simple moving average is $61.01 and its 200 day simple moving average is $64.31.

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

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.98 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a yield of 6.64%. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Analysts Set New Price Targets

BXP has been the topic of a number of analyst reports. Truist Financial decreased their price objective on Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Evercore ISI decreased their price objective on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Barclays decreased their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Wedbush reduced their target price on Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $69.47.

View Our Latest Stock Analysis on BXP

Boston Properties Company 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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