144,894 Shares in Boston Properties, Inc. (NYSE:BXP) Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB bought a new stake in Boston Properties, Inc. (NYSE:BXP) in the 2nd quarter, Holdings Channel.com reports. The fund bought 144,894 shares of the real estate investment trust’s stock, valued at approximately $8,941,000.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in Boston Properties during the first quarter worth about $1,187,000. International Assets Investment Management LLC acquired a new position in shares of Boston Properties in the 4th quarter valued at approximately $15,810,000. abrdn plc increased its stake in Boston Properties by 4.2% during the 4th quarter. abrdn plc now owns 713,840 shares of the real estate investment trust’s stock worth $50,090,000 after purchasing an additional 28,870 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Boston Properties by 387.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust’s stock worth $4,900,000 after buying an additional 55,501 shares during the period. Finally, National Bank of Canada FI lifted its stake in Boston Properties by 50.5% in the fourth quarter. National Bank of Canada FI now owns 46,377 shares of the real estate investment trust’s stock valued at $3,343,000 after buying an additional 15,570 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BXP. Evercore ISI lowered their price objective on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Scotiabank lifted their price target on Boston Properties from $74.00 to $76.00 and gave the company a “sector outperform” rating in a research note on Wednesday. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Barclays cut their target price 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. Finally, Truist Financial decreased their price target on shares of Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a research note on Friday, June 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.44.

Boston Properties Stock Performance

Shares of NYSE BXP traded down $0.80 during midday trading on Wednesday, hitting $67.55. 1,604,689 shares of the company’s stock were exchanged, compared to its average volume of 1,348,428. The company has a quick ratio of 4.77, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $10.61 billion, a PE ratio of 55.15, a price-to-earnings-growth ratio of 0.46 and a beta of 1.18. Boston Properties, Inc. has a 12 month low of $50.64 and a 12 month high of $73.97. The company’s 50 day moving average price is $63.68 and its 200 day moving average price is $63.57.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.72 by ($1.21). The company had revenue of $850.48 million during the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. Boston Properties’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 earnings per share. As a group, analysts predict that Boston Properties, Inc. will post 7.12 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend was Friday, June 28th. Boston Properties’s payout ratio is 321.31%.

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.