Boston Properties, Inc. (NYSE:BXP) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in Boston Properties, Inc. (NYSE:BXPGet Rating) by 6.6% in the first quarter, Holdings reports. The institutional investor owned 37,046 shares of the real estate investment trust’s stock after selling 2,620 shares during the quarter. Amalgamated Bank’s holdings in Boston Properties were worth $4,772,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BXP. Allworth Financial LP grew its stake in Boston Properties by 4,800.0% during the 1st quarter. Allworth Financial LP now owns 196 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 192 shares in the last quarter. Tcwp LLC acquired a new stake in Boston Properties during the 1st quarter valued at approximately $26,000. Chilton Capital Management LLC bought a new position in Boston Properties during the 4th quarter worth approximately $29,000. Riverview Trust Co bought a new position in Boston Properties during the 1st quarter worth approximately $30,000. Finally, CENTRAL TRUST Co lifted its holdings in Boston Properties by 1,792.9% during the 1st quarter. CENTRAL TRUST Co now owns 265 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 251 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 22,472 shares of Boston Properties stock in a transaction on Friday, August 12th. The stock was sold at an average price of $89.96, for a total transaction of $2,021,581.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BXP has been the topic of a number of research analyst reports. UBS Group reduced their target price on Boston Properties from $131.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. Credit Suisse Group initiated coverage on Boston Properties in a report on Wednesday, June 22nd. They set an “outperform” rating and a $108.00 target price on the stock. Piper Sandler reduced their target price on Boston Properties from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, September 15th. Morgan Stanley cut their price target on Boston Properties from $80.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, September 9th. Finally, raised Boston Properties from a “sell” rating to a “hold” rating in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.00.

Boston Properties Stock Down 3.0 %

Shares of Boston Properties stock opened at $79.53 on Wednesday. The business’s fifty day moving average price is $85.89 and its two-hundred day moving average price is $103.14. The company has a debt-to-equity ratio of 1.71, a current ratio of 4.35 and a quick ratio of 4.35. The company has a market capitalization of $12.47 billion, a P/E ratio of 19.10, a PEG ratio of 1.93 and a beta of 1.14. Boston Properties, Inc. has a 1-year low of $78.02 and a 1-year high of $133.11.

Boston Properties (NYSE:BXPGet Rating) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.64. Boston Properties had a return on equity of 8.17% and a net margin of 22.04%. During the same quarter in the prior year, the company posted $1.72 EPS. As a group, research analysts forecast that Boston Properties, Inc. will post 7.52 EPS for the current year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.93%. The ex-dividend date is Thursday, September 29th. Boston Properties’s payout ratio is currently 93.33%.

About Boston Properties

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Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner 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.

See Also

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

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