2 weeks Ago By Defense World Staff
Liberty Mutual Group Asset Management Inc. grew its position in Boston Properties, Inc. ( NYSE:BXP – Free Report ) by 4.
6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,738 shares of the real estate investment trust’s stock after buying an additional 1,792 shares during the period. Liberty Mutual Group Asset Management Inc.
’s holdings in Boston Properties were worth $2,508,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 valued at $35,000 after acquiring an additional 386 shares during the last quarter.
UMB Bank n.a. lifted its position in Boston Properties by 115.
5% during the 2nd quarter. UMB Bank n.a.
now owns 709 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 380 shares during the period. Abich Financial Wealth Management LLC lifted its position in Boston Properties by 59.1% during the 1st quarter.
Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 395 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Boston Properties by 198.1% in the 1st quarter.
Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 949 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Boston Properties during the 2nd quarter worth approximately $91,000.
Institutional investors own 98.72% of the company’s stock. Boston Properties Price Performance Shares of BXP opened at $80.
26 on Friday. The stock has a 50 day simple moving average of $72.98 and a 200 day simple moving average of $65.
76. Boston Properties, Inc. has a 52-week low of $50.
64 and a 52-week high of $83.85. The company has a debt-to-equity ratio of 1.
90, a quick ratio of 4.83 and a current ratio of 4.83.
The firm has a market capitalization of $12.61 billion, a PE ratio of 65.79, a P/E/G ratio of 0.
38 and a beta of 1.18. Boston Properties Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st.
Shareholders of record on Monday, September 30th will be paid a $0.98 dividend. This represents a $3.
92 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Monday, September 30th.
Boston Properties’s dividend payout ratio is 321.31%. Insider Activity In other Boston Properties news, EVP Peter V.
Otteni sold 4,785 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.
40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In other Boston Properties news, EVP Raymond A.
Ritchey sold 21,835 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.
75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Also, EVP Peter V.
Otteni sold 4,785 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.
40. The disclosure for this sale can be found here . Corporate insiders own 1.
35% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts recently weighed in on the stock. StockNews.
com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Wells Fargo & Company increased their price target on Boston Properties from $73.00 to $80.
00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Piper Sandler lifted their price objective on Boston Properties from $70.00 to $78.
00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Truist Financial upped their price objective on Boston Properties from $67.00 to $77.
00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Scotiabank raised their target price on Boston Properties from $76.00 to $82.
00 and gave the stock a “sector outperform” rating in a report on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.
83. Check Out Our Latest Report on BXP Boston Properties Company Profile ( 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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