Toronto Dominion Bank Raises Holdings in Boston Properties, Inc. (NYSE:BXP)

Toronto Dominion Bank raised its position in shares of Boston Properties, Inc. (NYSE:BXP) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,293 shares of the real estate investment trust’s stock after acquiring an additional 6,687 shares during the period. Toronto Dominion Bank’s holdings in Boston Properties were worth $3,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Boston Properties by 61.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 28,578 shares of the real estate investment trust’s stock valued at $1,759,000 after purchasing an additional 10,928 shares in the last quarter. Raymond James & Associates grew its stake in Boston Properties by 47.1% during the second quarter. Raymond James & Associates now owns 98,835 shares of the real estate investment trust’s stock worth $6,084,000 after buying an additional 31,636 shares during the period. Victory Capital Management Inc. increased its position in shares of Boston Properties by 189.0% in the second quarter. Victory Capital Management Inc. now owns 79,552 shares of the real estate investment trust’s stock worth $4,897,000 after acquiring an additional 52,026 shares in the last quarter. Intact Investment Management Inc. increased its position in shares of Boston Properties by 22.4% in the second quarter. Intact Investment Management Inc. now owns 42,840 shares of the real estate investment trust’s stock worth $2,637,000 after acquiring an additional 7,840 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Boston Properties by 52.8% during the 2nd quarter. Natixis Advisors LLC now owns 148,073 shares of the real estate investment trust’s stock valued at $9,115,000 after acquiring an additional 51,158 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BXP has been the subject of several recent research reports. Piper Sandler upgraded Boston Properties from a “neutral” rating to an “overweight” rating and increased their price target for the company from $78.00 to $105.00 in a report on Wednesday, October 23rd. Truist Financial increased their target price on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. Evercore ISI increased their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company boosted their target price on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.38.

Boston Properties Stock Performance

Shares of Boston Properties stock opened at $79.93 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. Boston Properties, Inc. has a 1 year low of $56.46 and a 1 year high of $90.11. The firm’s 50-day simple moving average is $82.40 and its 200-day simple moving average is $73.91. The firm has a market cap of $12.64 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. Equities analysts forecast that Boston Properties, Inc. will post 7.1 earnings per share for the current fiscal year.

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.