Exane Asset Management acquired a new stake in Boston Properties, Inc. (NYSE:BXP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 686 shares of the real estate investment trust’s stock, valued at approximately $77,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BXP. Redpoint Investment Management Pty Ltd boosted its position in Boston Properties by 80.3% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 26,346 shares of the real estate investment trust’s stock worth $2,965,000 after acquiring an additional 11,731 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Boston Properties during the fourth quarter worth about $111,000. BB&T Securities LLC boosted its position in Boston Properties by 24.5% during the fourth quarter. BB&T Securities LLC now owns 5,330 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 1,049 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Boston Properties by 9.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,460 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 215 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in Boston Properties by 3.6% during the fourth quarter. TD Asset Management Inc. now owns 45,588 shares of the real estate investment trust’s stock worth $5,131,000 after acquiring an additional 1,595 shares during the last quarter. 96.94% of the stock is owned by institutional investors.
NYSE:BXP opened at $133.32 on Tuesday. The company has a current ratio of 4.81, a quick ratio of 3.74 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $20.45 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 3.06 and a beta of 0.94. Boston Properties, Inc. has a 1-year low of $107.84 and a 1-year high of $133.46.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 30th. Shareholders of record on Monday, December 31st were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.85%. This is a positive change from Boston Properties’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Friday, December 28th. Boston Properties’s payout ratio is presently 60.32%.
A number of equities analysts recently weighed in on BXP shares. Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Monday, October 15th. Scotiabank started coverage on shares of Boston Properties in a research report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Zacks Investment Research lowered shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. DA Davidson upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $145.00 in a research report on Monday, November 19th. Finally, SunTrust Banks lowered their price target on shares of Boston Properties from $137.00 to $135.00 and set a “hold” rating on the stock in a research report on Sunday, November 25th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $135.93.
ILLEGAL ACTIVITY WARNING: “Exane Asset Management Acquires Shares of 686 Boston Properties, Inc. (BXP)” was posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.fairfieldcurrent.com/news/2019/02/12/exane-asset-management-acquires-shares-of-686-boston-properties-inc-bxp.html.
Boston Properties Company 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.
Recommended Story: Stock Split
Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.