E. Ohman J or Asset Management AB Buys 1,600 Shares of Boston Properties, Inc. (NYSE:BXP)

E. Ohman J or Asset Management AB raised its stake in Boston Properties, Inc. (NYSE:BXP) by 32.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,600 shares of the real estate investment trust’s stock after buying an additional 1,600 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Boston Properties were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its stake in 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 valued at $283,000 after buying an additional 590 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Boston Properties by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after purchasing an additional 156 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Boston Properties by 19.8% in the fourth quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 142 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Boston Properties by 15.7% in the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after purchasing an additional 6,687 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of 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 purchasing an additional 603 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Transactions at Boston Properties

In other news, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total value of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares in the company, valued at approximately $523,657.42. This trade represents a 63.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.

Boston Properties Price Performance

NYSE:BXP opened at $73.00 on Thursday. The firm’s fifty day moving average price is $75.31 and its two-hundred day moving average price is $76.83. The company has a market cap of $11.54 billion, a P/E ratio of 730.09, a P/E/G ratio of 0.52 and a beta of 1.18. Boston Properties, Inc. has a one year low of $56.46 and a one year high of $90.11. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Equities analysts expect that Boston Properties, Inc. will post 6.89 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 annualized dividend and a yield of 5.37%. Boston Properties’s dividend payout ratio is 3,920.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group lowered their price objective on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Scotiabank reiterated a “sector perform” rating and issued a $85.00 price objective on shares of Boston Properties in a report on Thursday, November 7th. Finally, Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $82.23.

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.