Toronto Dominion Bank increased its stake in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,293 shares of the real estate investment trust's stock after purchasing an additional 6,687 shares during the quarter. Toronto Dominion Bank's holdings in Boston Properties were worth $3,966,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Boston Properties by 212.1% during 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 buying an additional 386 shares during the last quarter. UMB Bank n.a. lifted its position in Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 380 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Boston Properties by 5,025.0% in 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. Brooklyn Investment Group purchased a new position in Boston Properties in the third quarter worth $58,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $89,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 98.72% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on BXP shares. UBS Group raised their price objective on Boston Properties from $64.00 to $80.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Evercore ISI raised their price target on Boston Properties from $77.00 to $84.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Compass Point upgraded Boston Properties from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $80.00 to $88.00 in a research note on Thursday, November 14th. Truist Financial increased their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Boston Properties from a "hold" rating to a "sell" rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $81.38.
Read Our Latest Stock Analysis on Boston Properties
Boston Properties Stock Performance
NYSE BXP traded up $0.62 during mid-day trading on Monday, reaching $80.55. 1,267,888 shares of the stock were exchanged, compared to its average volume of 1,258,856. Boston Properties, Inc. has a 1 year low of $56.46 and a 1 year high of $90.11. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. The business's 50 day moving average is $82.40 and its 200-day moving average is $73.91. The company has a market capitalization of $12.74 billion, a P/E ratio of 34.60, a P/E/G ratio of 0.55 and a beta of 1.17.
Boston Properties (NYSE:BXP - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $859.23 million during the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $1.86 EPS. On average, equities research analysts forecast that Boston Properties, Inc. will post 7.1 EPS for the current fiscal year.
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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