MADDEN SECURITIES Corp Buys Shares of 4,250 Boston Properties, Inc. (NYSE:BXP)

MADDEN SECURITIES Corp bought a new position in shares of Boston Properties, Inc. (NYSE:BXPFree Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 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 also recently modified their holdings of the stock. Manchester Capital Management LLC lifted its holdings in shares of Boston Properties by 435.9% during the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 340 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Boston Properties during the fourth quarter worth $29,000. Turtle Creek Wealth Advisors LLC bought a new stake in Boston Properties in the 4th quarter valued at $34,000. Sound Income Strategies LLC boosted its stake in Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 424 shares during the period. Finally, Cambridge Trust Co. increased its holdings in Boston Properties by 80.1% during the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 250 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BXP shares. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Evercore ISI decreased their price target on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Barclays cut their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Wedbush decreased their target price on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.60.

Read Our Latest Report on Boston Properties

Boston Properties Stock Performance

NYSE:BXP traded down $0.64 on Thursday, hitting $61.41. The company’s stock had a trading volume of 1,057,248 shares, compared to its average volume of 1,351,311. Boston Properties, Inc. has a one year low of $50.64 and a one year high of $73.97. The firm has a market capitalization of $9.65 billion, a P/E ratio of 50.51, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. The stock has a fifty day moving average of $60.80 and a two-hundred day 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.

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

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date of this dividend is Friday, June 28th. Boston Properties’s dividend payout ratio is presently 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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