Boston Properties, Inc. (NYSE:BXP) saw unusually large options trading on Thursday. Investors purchased 1,422 call options on the company. This is an increase of 1,534% compared to the average daily volume of 87 call options.
Institutional investors have recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of Boston Properties in the 4th quarter valued at about $33,000. Flagship Harbor Advisors LLC increased its position in Boston Properties by 200.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Loeb Partners Corp acquired a new position in Boston Properties in the 4th quarter valued at about $33,000. Doyle Wealth Management acquired a new position in Boston Properties in the 4th quarter valued at about $34,000. Finally, We Are One Seven LLC acquired a new position in Boston Properties in the 4th quarter valued at about $41,000. 96.09% of the stock is owned by institutional investors and hedge funds.
BXP has been the subject of a number of recent analyst reports. Scotiabank initiated coverage on Boston Properties in a report on Tuesday, October 16th. They set a “sector perform” rating for the company. Jefferies Financial Group raised Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a report on Monday, October 15th. DA Davidson raised Boston Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $145.00 in a report on Monday, November 19th. Morgan Stanley lifted their price target on Boston Properties from $118.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, December 17th. Finally, BTIG Research raised Boston Properties from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a report on Wednesday, January 9th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $135.93.
Shares of Boston Properties stock traded down $0.21 on Friday, hitting $132.40. The stock had a trading volume of 505,019 shares, compared to its average volume of 705,350. Boston Properties has a 52-week low of $107.84 and a 52-week high of $132.82. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.74 and a current ratio of 4.81. The company has a market capitalization of $20.48 billion, a P/E ratio of 21.02, a PEG ratio of 3.07 and a beta of 0.94.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 30th. Stockholders of record on Monday, December 31st were issued a $0.95 dividend. This is an increase from Boston Properties’s previous quarterly dividend of $0.80. This represents a $3.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, December 28th. Boston Properties’s payout ratio is presently 60.32%.
Boston Properties Company Profile
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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