DNB Asset Management AS lifted its holdings in Boston Properties, Inc. (NYSE:BXP) by 10.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 17,240 shares of the real estate investment trust’s stock after buying an additional 1,686 shares during the quarter. DNB Asset Management AS’s holdings in Boston Properties were worth $2,235,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. 6 Meridian grew its position in shares of Boston Properties by 2.1% in the 2nd quarter. 6 Meridian now owns 4,027 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 82 shares during the period. Wetherby Asset Management Inc. grew its position in shares of Boston Properties by 6.3% in the 2nd quarter. Wetherby Asset Management Inc. now owns 2,262 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 135 shares during the period. AMF Pensionsforsakring AB grew its position in shares of Boston Properties by 2.8% in the 2nd quarter. AMF Pensionsforsakring AB now owns 230,854 shares of the real estate investment trust’s stock valued at $29,780,000 after purchasing an additional 6,254 shares during the period. Commonwealth Bank of Australia grew its position in shares of Boston Properties by 7.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 8,785 shares of the real estate investment trust’s stock valued at $1,125,000 after purchasing an additional 607 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Boston Properties by 28.4% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,808 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.
NYSE:BXP opened at $128.36 on Friday. Boston Properties, Inc. has a twelve month low of $107.84 and a twelve month high of $140.35. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 1.51. The business has a 50 day moving average price of $129.33 and a two-hundred day moving average price of $131.68. The company has a market cap of $19.84 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.92 and a beta of 0.87.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Friday, September 27th. Boston Properties’s dividend payout ratio (DPR) is currently 60.32%.
Several equities analysts recently issued reports on BXP shares. Morgan Stanley upgraded Boston Properties from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $123.00 to $126.00 in a research report on Tuesday, September 10th. They noted that the move was a valuation call. ValuEngine lowered Boston Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Robert W. Baird set a $152.00 price objective on Boston Properties and gave the company a “buy” rating in a research report on Wednesday, August 21st. Barclays reiterated a “buy” rating and issued a $149.00 price objective on shares of Boston Properties in a research report on Sunday, October 13th. Finally, Citigroup reduced their price target on Boston Properties from $142.00 to $131.00 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Boston Properties presently has a consensus rating of “Hold” and a consensus price target of $141.05.
Boston Properties Profile
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners 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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