Brooklyn Investment Group Acquires 142 Shares of Boston Properties, Inc. (NYSE:BXP)

Brooklyn Investment Group increased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 19.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 858 shares of the real estate investment trust’s stock after buying an additional 142 shares during the quarter. Brooklyn Investment Group’s holdings in Boston Properties were worth $64,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its position in shares of Boston Properties by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 150 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Boston Properties by 212.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 386 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $89,000 after acquiring an additional 547 shares during the period. Harvest Fund Management Co. Ltd increased its holdings 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. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Boston Properties by 14.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,715 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 715 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Stock Up 1.2 %

BXP opened at $73.32 on Monday. Boston Properties, Inc. has a twelve month low of $56.46 and a twelve month high of $90.11. The company’s 50-day moving average price is $77.13 and its two-hundred day moving average price is $76.07. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 0.46 and a beta of 1.18. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. Boston Properties’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.86 earnings per share. As a group, equities analysts expect that Boston Properties, Inc. will post 7.1 earnings per share for the current year.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.98 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.35%. Boston Properties’s dividend payout ratio is presently 169.70%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank restated a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a research note on Thursday, November 7th. Mizuho decreased their target price on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. UBS Group raised their price target on shares of Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Wedbush raised Boston Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $88.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $82.00.

Boston Properties 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.