Janney Montgomery Scott LLC boosted its position in Boston Properties, Inc. (NYSE:BXP – Get Rating) by 240.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,702 shares of the real estate investment trust’s stock after purchasing an additional 66,870 shares during the period. Janney Montgomery Scott LLC owned approximately 0.06% of Boston Properties worth $12,198,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BXP. National Bank of Canada FI acquired a new stake in Boston Properties in the fourth quarter worth approximately $51,000. State of Michigan Retirement System lifted its position in Boston Properties by 0.3% in the fourth quarter. State of Michigan Retirement System now owns 35,751 shares of the real estate investment trust’s stock worth $4,118,000 after purchasing an additional 100 shares during the period. National Asset Management Inc. lifted its position in shares of Boston Properties by 16.4% during the 4th quarter. National Asset Management Inc. now owns 3,692 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 521 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Boston Properties during the 4th quarter valued at $2,769,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Boston Properties by 8.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 28,599 shares of the real estate investment trust’s stock valued at $3,294,000 after acquiring an additional 2,332 shares during the last quarter. 98.02% of the stock is currently owned by institutional investors and hedge funds.
Boston Properties Trading Up 1.9 %
Boston Properties stock opened at $90.00 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 4.73 and a quick ratio of 4.73. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.06 and a beta of 1.15. Boston Properties, Inc. has a one year low of $84.86 and a one year high of $133.11. The company’s fifty day moving average price is $95.31 and its two-hundred day moving average price is $112.12.
Boston Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Wednesday, June 29th. Boston Properties’s dividend payout ratio (DPR) is 93.33%.
Analyst Ratings Changes
A number of brokerages have recently commented on BXP. StockNews.com began coverage on Boston Properties in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Boston Properties from $139.00 to $104.00 in a research report on Wednesday, July 20th. Wells Fargo & Company cut their price objective on Boston Properties from $143.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Jefferies Financial Group cut their price objective on Boston Properties from $112.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Finally, Mizuho reduced their target price on Boston Properties from $135.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Boston Properties currently has an average rating of “Moderate Buy” and an average target price of $111.31.
About Boston Properties
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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