Federated Investors Inc. PA lifted its holdings in Boston Properties, Inc. (NYSE:BXP) by 91.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,007 shares of the real estate investment trust’s stock after buying an additional 961 shares during the quarter. Federated Investors Inc. PA’s holdings in Boston Properties were worth $252,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Boston Properties in the second quarter valued at approximately $227,000. Fieldpoint Private Securities LLC boosted its stake in shares of Boston Properties by 53.6% in the second quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 700 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new stake in shares of Boston Properties in the first quarter valued at approximately $274,000. GSA Capital Partners LLP purchased a new stake in shares of Boston Properties in the second quarter valued at approximately $343,000. Finally, Private Vista LLC purchased a new stake in shares of Boston Properties in the first quarter valued at approximately $440,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.
BXP opened at $121.38 on Thursday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.34. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.24 and a beta of 0.56. Boston Properties, Inc. has a one year low of $111.57 and a one year high of $132.82.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.64%.
A number of research firms recently weighed in on BXP. ValuEngine downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. TheStreet upgraded Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. Stifel Nicolaus lifted their price target on Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Jefferies Financial Group restated a “hold” rating and issued a $118.00 price target on shares of Boston Properties in a research note on Wednesday, August 1st. Finally, Deutsche Bank lifted their price target on Boston Properties from $133.00 to $134.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $132.79.
About Boston Properties
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.
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