Brooklyn Investment Group Purchases New Position in Boston Properties, Inc. (NYSE:BXP)

Brooklyn Investment Group purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 716 shares of the real estate investment trust’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 386 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 603 shares in the last quarter. UMB Bank n.a. increased its position in shares of Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 380 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 395 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and raised their target price for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Barclays raised their target price on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Scotiabank restated a “sector perform” rating and issued a $85.00 target price on shares of Boston Properties in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $80.92.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Boston Properties Stock Down 0.4 %

BXP opened at $82.86 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. Boston Properties, Inc. has a fifty-two week low of $52.69 and a fifty-two week high of $90.11. The firm’s fifty day moving average is $82.43 and its 200 day moving average is $72.27. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The firm had revenue of $859.23 million for the quarter, compared to analysts’ expectations of $829.91 million. During the same quarter last year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Boston Properties, Inc. will post 7.1 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is 169.70%.

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.