Handelsbanken Fonder AB Has $2.07 Million Position in Boston Properties, Inc. (NYSE:BXP)

Handelsbanken Fonder AB raised its position in Boston Properties, Inc. (NYSE:BXP) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,500 shares of the real estate investment trust’s stock after purchasing an additional 2,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Boston Properties were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Boston Properties during the 4th quarter worth about $29,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Boston Properties during the 4th quarter worth about $34,000. Sound Income Strategies LLC lifted its stake in shares of Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 424 shares during the last quarter. Cambridge Trust Co. lifted its stake in shares of Boston Properties by 80.1% during the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Boston Properties during the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Boston Properties

In related news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.35% of the stock is currently owned by insiders.

Boston Properties Price Performance

BXP stock opened at $61.50 on Friday. The firm has a market cap of $9.66 billion, a P/E ratio of 50.83 and a beta of 1.15. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99. The company’s 50-day moving average price is $63.12 and its two-hundred day moving average price is $62.87. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.05). The company had revenue of $828.90 million for 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 company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. On average, analysts anticipate that Boston Properties, Inc. will post 7.12 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is presently 323.97%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BXP. Deutsche Bank Aktiengesellschaft began coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $74.00 target price for the company. BMO Capital Markets cut their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Truist Financial dropped their price objective on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $57.00 to $80.00 in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.44.

Boston Properties Profile

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.