Deutsche Bank AG Has $70.61 Million Holdings in Boston Properties, Inc. (NYSE:BXP)

Deutsche Bank AG increased its position in Boston Properties, Inc. (NYSE:BXP - Free Report) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 949,603 shares of the real estate investment trust's stock after buying an additional 222,284 shares during the period. Deutsche Bank AG owned 0.60% of Boston Properties worth $70,612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BXP. Raymond James Financial Inc. acquired a new position in shares of Boston Properties during the 4th quarter valued at about $8,994,000. Wealthfront Advisers LLC boosted its position in Boston Properties by 198.9% during the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock worth $11,091,000 after purchasing an additional 99,248 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings 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 valued at $12,679,000 after purchasing an additional 18,900 shares during the last quarter. Whittier Trust Co. raised its position in shares of Boston Properties by 3.5% in the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock valued at $22,812,000 after purchasing an additional 10,429 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Boston Properties by 7.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 144,123 shares of the real estate investment trust's stock valued at $10,717,000 after purchasing an additional 10,252 shares during the period. Institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BXP. Jefferies Financial Group began coverage on Boston Properties in a research note on Monday, March 17th. They set a "buy" rating and a $78.00 target price for the company. Wedbush lowered Boston Properties from a "hold" rating to a "strong sell" rating in a report on Thursday, January 30th. Barclays lowered their price objective on shares of Boston Properties from $89.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Scotiabank decreased their price target on shares of Boston Properties from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Finally, UBS Group dropped their price objective on shares of Boston Properties from $80.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $78.83.

Insider Activity

In related news, EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.49% of the stock is owned by corporate insiders.

Boston Properties Price Performance

NYSE BXP traded up $0.86 on Friday, reaching $67.84. The company's stock had a trading volume of 1,103,305 shares, compared to its average volume of 1,273,887. Boston Properties, Inc. has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The firm has a market cap of $10.74 billion, a PE ratio of 678.47, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. The business has a 50-day moving average price of $64.78 and a 200 day moving average price of $71.62.

Boston Properties (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. The company had revenue of $865.22 million for the quarter, compared to analyst estimates of $833.89 million. During the same period in the previous year, the firm posted $1.73 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.78%. Boston Properties's payout ratio is presently -19,600.00%.

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.