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

Handelsbanken Fonder AB increased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 9.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,500 shares of the real estate investment trust’s stock after acquiring an additional 2,500 shares during the period. Handelsbanken Fonder AB’s holdings in Boston Properties were worth $2,070,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. bought a new position in shares of Boston Properties in the fourth quarter valued at approximately $29,000. Sound Income Strategies LLC grew its stake in Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 424 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Boston Properties in the 4th quarter worth $34,000. Cambridge Trust Co. lifted its position in 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 acquiring an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in Boston Properties during the third quarter valued at about $47,000. 98.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BXP. Jefferies Financial Group upgraded 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. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. BMO Capital Markets lowered their price objective on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $74.00 target price on the stock. Finally, Truist Financial reduced their price target on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.44.

Boston Properties Stock Down 0.7 %

Shares of NYSE BXP opened at $61.50 on Friday. The business has a fifty day moving average of $63.12 and a two-hundred day moving average of $62.87. 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, Inc. has a 52-week low of $46.80 and a 52-week high of $73.97. The stock has a market cap of $9.66 billion, a PE ratio of 50.83 and a beta of 1.15.

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 firm 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 earnings per share. As a group, equities research analysts expect that Boston Properties, Inc. will post 7.12 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s dividend payout ratio is currently 323.97%.

Boston Properties Company 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.