Hartford Investment Management Co. Has $1.93 Million Stake in Boston Properties, Inc. (BXP)

Hartford Investment Management Co. decreased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,160 shares of the real estate investment trust’s stock after selling 206 shares during the quarter. Hartford Investment Management Co.’s holdings in Boston Properties were worth $1,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BXP. Resolution Capital Ltd grew its stake in shares of Boston Properties by 317.1% during the third quarter. Resolution Capital Ltd now owns 5,064,847 shares of the real estate investment trust’s stock valued at $79,619,000 after buying an additional 3,850,404 shares during the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of Boston Properties in the third quarter valued at approximately $222,006,000. Deutsche Bank AG boosted its holdings in shares of Boston Properties by 86.4% in the third quarter. Deutsche Bank AG now owns 1,798,412 shares of the real estate investment trust’s stock valued at $221,360,000 after purchasing an additional 833,693 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Boston Properties by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 4,274,888 shares of the real estate investment trust’s stock valued at $526,197,000 after purchasing an additional 326,351 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of Boston Properties by 29.0% in the third quarter. Teachers Advisors LLC now owns 1,204,435 shares of the real estate investment trust’s stock valued at $148,254,000 after purchasing an additional 270,804 shares during the period. 96.94% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties stock opened at $132.40 on Monday. The company has a quick ratio of 3.74, a current ratio of 4.81 and a debt-to-equity ratio of 1.37. The firm has a market cap of $20.45 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 3.06 and a beta of 0.94. Boston Properties, Inc. has a twelve month low of $107.84 and a twelve month high of $132.82.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 30th. Shareholders of record on Monday, December 31st were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $3.80 dividend on an annualized basis and a yield of 2.87%. This is a positive change from Boston Properties’s previous quarterly dividend of $0.80. Boston Properties’s dividend payout ratio is currently 60.32%.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Boston Properties from a “buy” rating to a “hold” rating in a report on Monday, December 10th. BTIG Research boosted their price target on Boston Properties to $145.00 and gave the company a “buy” rating in a report on Thursday, January 31st. Finally, ValuEngine upgraded Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $135.93.

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Boston Properties 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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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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