Oppenheimer & Co. Inc. Holds $1.30 Million Stake in Boston Properties, Inc. (NYSE:BXP)

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Oppenheimer & Co. Inc. Increases Position in Boston Properties, Inc. (NYSE:BXP)

Oppenheimer & Co. Inc. Increases Stake in Boston Properties, Inc. (NYSE:BXP)

In a recent disclosure with the SEC, Oppenheimer & Co. Inc. revealed that it has significantly increased its position in Boston Properties, Inc. (NYSE:BXP) by 237.1% during the 4th quarter. The firm now owns 18,572 shares of the real estate investment trust’s stock, worth $1,303,000 after purchasing an additional 13,062 shares during the period.

This move by Oppenheimer & Co. Inc. is part of a trend among other hedge funds and institutional investors who have also made changes to their positions in Boston Properties. Centersquare Investment Management LLC, Goldman Sachs Group Inc., KBC Group NV, California State Teachers Retirement System, and Cbre Investment Management Listed Real Assets LLC are among the other firms that have increased their stakes in the company.

Analysts have also set new price targets for Boston Properties, with various research firms issuing ratings and target prices for the stock. Despite some analysts lowering their price targets, the stock has an average rating of “Hold” and a consensus target price of $69.47.

Boston Properties, Inc. has a market capitalization of $9.27 billion and a PE ratio of 48.39. The company recently announced its quarterly earnings data, reporting $0.51 EPS for the quarter. The firm also disclosed a quarterly dividend, with shareholders receiving a $0.98 dividend.

Boston Properties, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, with a focus on six dynamic gateway markets. The company has a long history of delivering places that power progress for clients and communities.

Overall, the increased stake by Oppenheimer & Co. Inc. and other institutional investors, along with the new price targets set by analysts, indicate a positive outlook for Boston Properties, Inc. as it continues to grow and expand its presence in the real estate investment market.