Cibc World Markets Corp Raises Stock Position in Boston Properties, Inc. (NYSE:BXP)

Cibc World Markets Corp raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,481 shares of the real estate investment trust's stock after buying an additional 7,100 shares during the period. Cibc World Markets Corp's holdings in Boston Properties were worth $4,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Harvest Fund Management Co. Ltd boosted its holdings in Boston Properties by 5,025.0% during the 3rd 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 during the period. Brooklyn Investment Group bought a new stake in shares of Boston Properties during the third quarter worth $58,000. Sound Income Strategies LLC boosted its stake in shares of Boston Properties by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 590 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Boston Properties by 25.8% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust's stock worth $403,000 after purchasing an additional 1,112 shares during the last quarter. Finally, E. Ohman J or Asset Management AB increased its stake in Boston Properties by 32.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust's stock worth $491,000 after buying an additional 1,600 shares during the period. Institutional investors own 98.72% of the company's stock.

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Insider Activity at Boston Properties

In related news, EVP Donna D. Garesche sold 2,143 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares of the company's stock, valued at approximately $523,657.42. This represents a 63.00 % decrease in their position. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

Boston Properties Stock Up 1.7 %

Boston Properties stock traded up $1.14 during trading hours on Monday, reaching $69.48. The stock had a trading volume of 1,555,377 shares, compared to its average volume of 1,179,620. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 694.89, a PEG ratio of 0.91 and a beta of 1.19. The business's 50 day moving average price is $70.28 and its 200-day moving average price is $76.51. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51.

Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Sell-side analysts anticipate that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.98 per share. The ex-dividend date is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.64%. Boston Properties's payout ratio is 3,920.00%.

Wall Street Analysts Forecast Growth

BXP has been the subject of several research reports. Wedbush cut shares of Boston Properties from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th. Truist Financial boosted their price target on Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Piper Sandler reduced their price objective on Boston Properties from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Scotiabank lowered their target price on Boston Properties from $85.00 to $83.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Finally, Jefferies Financial Group initiated coverage on Boston Properties in a research note on Monday, March 17th. They set a "buy" rating and a $78.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $80.85.

Boston Properties Company 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.