Cibc World Markets Corp Buys 7,100 Shares of Boston Properties, Inc. (NYSE:BXP)

Cibc World Markets Corp lifted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,481 shares of the real estate investment trust’s stock after acquiring an additional 7,100 shares during the quarter. Cibc World Markets Corp’s holdings in Boston Properties were worth $4,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BXP. Harvest Fund Management Co. Ltd raised its holdings 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 worth $49,000 after purchasing an additional 603 shares in the last quarter. Brooklyn Investment Group bought a new position in Boston Properties in the third quarter worth $58,000. Sound Income Strategies LLC grew its stake in shares of Boston Properties by 18.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 590 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Boston Properties by 25.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 1,112 shares during the last quarter. Finally, E. Ohman J or Asset Management AB boosted its position in shares of Boston Properties by 32.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 1,600 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Boston Properties

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

Wall Street Analyst Weigh In

BXP has been the topic of several research reports. Piper Sandler dropped their target price on Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Mizuho decreased their price objective on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their target price on Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Scotiabank decreased their target price on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Finally, Barclays cut their price target on Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Boston Properties has an average rating of “Hold” and a consensus target price of $80.85.

Boston Properties Price Performance

BXP opened at $68.84 on Thursday. The business has a fifty day moving average of $70.30 and a 200 day moving average of $76.58. Boston Properties, Inc. has a 52-week low of $56.46 and a 52-week high of $90.11. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The stock has a market cap of $10.89 billion, a P/E ratio of 688.46, a PEG ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties 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.