UBS Asset Management Americas Inc. grew its stake in Boston Properties, Inc. (NYSE:BXP) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 756,613 shares of the real estate investment trust’s stock after purchasing an additional 44,759 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Boston Properties were worth $98,382,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Boston Properties by 1.4% in the fourth quarter. BlackRock Inc. now owns 15,489,489 shares of the real estate investment trust’s stock valued at $2,014,100,000 after purchasing an additional 211,067 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Boston Properties by 1.1% in the fourth quarter. Rhumbline Advisers now owns 298,963 shares of the real estate investment trust’s stock valued at $38,874,000 after purchasing an additional 3,262 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Boston Properties by 3.4% in the fourth quarter. Arizona State Retirement System now owns 47,200 shares of the real estate investment trust’s stock valued at $6,137,000 after purchasing an additional 1,556 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Boston Properties by 13.6% in the fourth quarter. Toronto Dominion Bank now owns 66,474 shares of the real estate investment trust’s stock valued at $8,644,000 after purchasing an additional 7,958 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Boston Properties by 0.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 242,050 shares of the real estate investment trust’s stock valued at $31,474,000 after purchasing an additional 2,046 shares in the last quarter. Institutional investors own 94.98% of the company’s stock.
Shares of Boston Properties, Inc. (NYSE:BXP) opened at $119.39 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.43 and a quick ratio of 0.44. Boston Properties, Inc. has a 52-week low of $111.57 and a 52-week high of $140.13. The stock has a market capitalization of $18,463.48, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 3.26 and a beta of 0.58.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were given a $0.80 dividend. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, December 28th. Boston Properties’s dividend payout ratio (DPR) is currently 109.22%.
A number of analysts recently commented on BXP shares. Zacks Investment Research lowered Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BMO Capital Markets lowered Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 price target on the stock. in a report on Tuesday, January 9th. They noted that the move was a valuation call. Robert W. Baird reiterated a “hold” rating and set a $125.00 price target on shares of Boston Properties in a report on Tuesday, January 9th. Royal Bank of Canada set a $140.00 price target on Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, Argus dropped their price target on Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $132.09.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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