AIA Group Ltd Invests $295,000 in Boston Properties, Inc. (NYSE:BXP)

AIA Group Ltd purchased a new stake in Boston Properties, Inc. (NYSE:BXP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,518 shares of the real estate investment trust’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Boston Properties by 598.7% in the third quarter. Wellington Management Group LLP now owns 38,310 shares of the real estate investment trust’s stock valued at $2,279,000 after buying an additional 32,827 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Boston Properties by 4.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 270,968 shares of the real estate investment trust’s stock worth $16,117,000 after acquiring an additional 10,392 shares during the period. Fulton Bank N.A. acquired a new position in Boston Properties in the 4th quarter valued at $200,000. Green Alpha Advisors LLC lifted its position in shares of Boston Properties by 119.8% during the 4th quarter. Green Alpha Advisors LLC now owns 27,195 shares of the real estate investment trust’s stock valued at $1,908,000 after acquiring an additional 14,821 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Boston Properties by 770.9% during 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 in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Trading Up 3.9 %

Shares of NYSE BXP opened at $67.76 on Friday. The firm has a 50 day moving average price of $61.22 and a two-hundred day moving average price of $63.82. The stock has a market cap of $10.64 billion, a P/E ratio of 55.54, a price-to-earnings-growth ratio of 0.41 and a beta of 1.18. Boston Properties, Inc. has a 52-week low of $50.64 and a 52-week high of $73.97. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data 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). The company had revenue of $839.44 million during the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. During the same quarter in the previous year, the company earned $1.73 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts forecast that Boston Properties, Inc. will post 7.04 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.79%. The ex-dividend date is Friday, June 28th. Boston Properties’s payout ratio is presently 321.31%.

Analyst Ratings Changes

A number of research firms recently commented on BXP. Truist Financial dropped their price target on Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a research note on Friday, June 14th. Barclays reduced their price target 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 lowered their price objective 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Boston Properties in a report on Thursday, June 20th. Finally, Evercore ISI lowered their price target on Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Boston Properties presently has a consensus rating of “Hold” and an average price target of $69.60.

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.