Mediolanum International Funds Ltd Invests $842,000 in Boston Properties, Inc. (NYSE:BXP)

Mediolanum International Funds Ltd bought a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,340 shares of the real estate investment trust’s stock, valued at approximately $842,000.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC boosted its position in shares of Boston Properties by 11.9% in the 3rd quarter. Penserra Capital Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $764,000 after purchasing an additional 1,363 shares in the last quarter. Wellington Management Group LLP boosted its holdings in 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 worth $2,279,000 after acquiring an additional 32,827 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Boston Properties by 4.0% during the third 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 last quarter. Fulton Bank N.A. acquired a new position in shares of Boston Properties during the fourth quarter valued at about $200,000. Finally, Green Alpha Advisors LLC raised its position in shares of Boston Properties by 119.8% in 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 purchasing an additional 14,821 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Stock Performance

Shares of NYSE:BXP traded up $0.57 during trading on Wednesday, hitting $61.83. 890,398 shares of the stock traded hands, compared to its average volume of 1,326,567. The company has a fifty day moving average price of $60.93 and a two-hundred day moving average price of $63.84. Boston Properties, Inc. has a 52-week low of $50.64 and a 52-week high of $73.97. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 50.68, a P/E/G ratio of 0.40 and a beta of 1.18. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 1.91.

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

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date of this dividend is Friday, June 28th. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Analyst Ratings Changes

Several research firms have weighed in on BXP. Truist Financial dropped their target price on shares of Boston Properties from $75.00 to $67.00 and set a “hold” rating on the stock in a research report on Friday, June 14th. BMO Capital Markets cut their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Morgan Stanley restated an “equal weight” rating and issued a $62.00 target price on shares of Boston Properties in a research note on Thursday, June 20th. Wedbush dropped their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.60.

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.