Sumitomo Mitsui DS Asset Management Company Ltd Purchases 959 Shares of Boston Properties, Inc. (NYSE:BXP)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Boston Properties, Inc. (NYSE:BXP) by 2.8% in the 4th quarter, HoldingsChannel reports. The firm owned 35,719 shares of the real estate investment trust’s stock after buying an additional 959 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Boston Properties were worth $2,506,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new stake in shares of Boston Properties during the third quarter worth $277,000. HB Wealth Management LLC bought a new stake in shares of Boston Properties during the third quarter worth $229,000. State of Alaska Department of Revenue raised its position in shares of Boston Properties by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 109,416 shares of the real estate investment trust’s stock worth $6,506,000 after acquiring an additional 485 shares during the last quarter. Park Place Capital Corp raised its position in shares of Boston Properties by 15.4% during the third quarter. Park Place Capital Corp now owns 1,355 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 181 shares during the last quarter. Finally, Caprock Group LLC raised its position in shares of Boston Properties by 6.4% during the third quarter. Caprock Group LLC now owns 4,367 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 263 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Boston Properties

In other Boston Properties 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 filing with the SEC, which is accessible through this link. Company insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BXP shares. Deutsche Bank Aktiengesellschaft started coverage on Boston Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $74.00 target price for the company. Jefferies Financial Group upgraded Boston Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $57.00 to $80.00 in a research report on Tuesday, January 2nd. Barclays dropped their price objective on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. Truist Financial dropped their price objective on Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. Finally, BMO Capital Markets dropped their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $69.44.

Boston Properties Stock Performance

Shares of Boston Properties stock opened at $62.93 on Wednesday. The company has a market capitalization of $9.88 billion, a PE ratio of 52.01 and a beta of 1.15. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. The stock’s fifty day simple moving average is $63.33 and its 200 day simple moving average is $62.83.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.05). The business had revenue of $828.90 million for the quarter, compared to analyst estimates of $811.59 million. Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. On average, research analysts predict that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s dividend payout ratio is 323.97%.

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.