MADDEN SECURITIES Corp Takes $278,000 Position in Boston Properties, Inc. (NYSE:BXP)

MADDEN SECURITIES Corp purchased a new position in shares of Boston Properties, Inc. (NYSE:BXPFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,250 shares of the real estate investment trust’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HighTower Advisors LLC boosted its position in shares of Boston Properties by 81.2% in the 3rd quarter. HighTower Advisors LLC now owns 27,117 shares of the real estate investment trust’s stock valued at $1,607,000 after purchasing an additional 12,151 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Boston Properties by 4.5% during the third quarter. PNC Financial Services Group Inc. now owns 55,857 shares of the real estate investment trust’s stock worth $3,322,000 after acquiring an additional 2,427 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Boston Properties by 6.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 16,118 shares of the real estate investment trust’s stock valued at $959,000 after acquiring an additional 935 shares during the period. QRG Capital Management Inc. purchased a new stake in Boston Properties in the 3rd quarter valued at $1,009,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Boston Properties during the 3rd quarter worth $565,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BXP shares. Barclays decreased their target price on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Wedbush decreased their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. 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 report on Monday, April 8th. Evercore ISI cut their price objective on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Finally, Truist Financial reduced their target price on Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.60.

View Our Latest Stock Analysis on BXP

Boston Properties Trading Down 1.0 %

Shares of Boston Properties stock traded down $0.64 during mid-day trading on Thursday, hitting $61.41. 1,057,248 shares of the stock were exchanged, compared to its average volume of 1,351,311. The company has a 50-day simple moving average of $60.80 and a 200 day simple moving average of $64.47. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 50.51, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. Boston Properties, Inc. has a twelve month low of $50.64 and a twelve month high of $73.97.

Boston Properties (NYSE:BXPGet Free Report) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. Research analysts forecast that Boston Properties, Inc. will post 7.04 EPS for the current year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.98 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.92 annualized dividend and a yield of 6.38%. Boston Properties’s payout ratio is currently 321.31%.

About Boston Properties

(Free Report)

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.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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