IFM Investors Pty Ltd Has $1.82 Million Holdings in Boston Properties, Inc. (NYSE:BXP)

IFM Investors Pty Ltd raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,905 shares of the real estate investment trust’s stock after buying an additional 671 shares during the quarter. IFM Investors Pty Ltd’s holdings in Boston Properties were worth $1,822,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BXP. AE Wealth Management LLC acquired a new position in shares of Boston Properties in the third quarter valued at $277,000. Caprock Group LLC grew its position in Boston Properties by 6.4% in the third quarter. Caprock Group LLC now owns 4,367 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 263 shares during the period. Oak Thistle LLC bought a new stake in Boston Properties in the third quarter valued at $416,000. Czech National Bank grew its position in Boston Properties by 49.3% in the third quarter. Czech National Bank now owns 25,223 shares of the real estate investment trust’s stock valued at $1,500,000 after acquiring an additional 8,328 shares during the period. Finally, Handelsbanken Fonder AB grew its position in Boston Properties by 26.8% in the third quarter. Handelsbanken Fonder AB now owns 27,000 shares of the real estate investment trust’s stock valued at $1,606,000 after acquiring an additional 5,700 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BXP. Deutsche Bank Aktiengesellschaft began coverage on Boston Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target on the stock. BMO Capital Markets decreased their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Jefferies Financial Group upgraded Boston Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $57.00 to $80.00 in a report on Tuesday, January 2nd. Truist Financial decreased their target price on Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 5th. Finally, Barclays decreased their target price on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.44.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by insiders.

Boston Properties Stock Down 0.7 %

Boston Properties stock traded down $0.44 during midday trading on Friday, reaching $61.51. The stock had a trading volume of 845,634 shares, compared to its average volume of 1,156,450. The firm’s fifty day simple moving average is $63.12 and its 200-day simple moving average is $62.97. Boston Properties, Inc. has a 1-year low of $46.80 and a 1-year high of $73.97. The stock has a market capitalization of $9.66 billion, a P/E ratio of 50.83 and a beta of 1.15. The company has a debt-to-equity ratio of 1.99, a quick ratio of 5.40 and a current ratio of 5.40.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share 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 the consensus estimate of $811.59 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. As a group, analysts expect that Boston Properties, Inc. will post 7.12 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.37%. Boston Properties’s dividend payout ratio is presently 323.97%.

About Boston Properties

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.