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

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

Several other institutional investors and hedge funds have also modified their holdings of BXP. Cbre Investment Management Listed Real Assets LLC grew its stake in Boston Properties by 12.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after buying an additional 18,900 shares in the last quarter. Toronto Dominion Bank raised its holdings in Boston Properties by 15.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after buying an additional 6,687 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in Boston Properties by 198.9% in the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after buying an additional 99,248 shares during the last quarter. Van ECK Associates Corp raised its holdings in Boston Properties by 1.7% in the 4th quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock valued at $5,238,000 after buying an additional 1,169 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Boston Properties by 1.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after purchasing an additional 156 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Trading Up 0.6 %

Shares of Boston Properties stock opened at $68.84 on Thursday. The stock’s 50-day simple moving average is $70.30 and its 200 day simple moving average is $76.58. Boston Properties, Inc. has a 52-week low of $56.46 and a 52-week high of $90.11. The stock has a market capitalization of $10.89 billion, a P/E ratio of 688.46, a P/E/G ratio of 0.91 and a beta of 1.19. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating the consensus estimate 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, research analysts anticipate that Boston Properties, Inc. will post 6.91 EPS for the current year.

Insider Transactions at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 7,271 shares of the company’s stock, valued at $523,657.42. This represents a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owned by insiders.

Wall Street Analysts Forecast Growth

BXP has been the subject of several analyst reports. Barclays lowered their price target on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Piper Sandler reduced their price target on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th. Scotiabank cut their price objective on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, Truist Financial lifted their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $80.85.

About Boston Properties

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.