Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Boston Properties, Inc. (NYSE:BXP – Get Rating) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,290 shares of the real estate investment trust’s stock after selling 447 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Boston Properties were worth $1,325,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Boston Properties by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,383,095 shares of the real estate investment trust’s stock valued at $3,011,742,000 after buying an additional 404,123 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Boston Properties by 6.9% during the 4th quarter. BlackRock Inc. now owns 17,343,626 shares of the real estate investment trust’s stock valued at $1,997,639,000 after buying an additional 1,119,895 shares in the last quarter. Norges Bank bought a new stake in shares of Boston Properties during the 4th quarter valued at $1,501,665,000. State Street Corp boosted its holdings in shares of Boston Properties by 6.1% during the 1st quarter. State Street Corp now owns 11,026,679 shares of the real estate investment trust’s stock valued at $1,430,779,000 after buying an additional 638,452 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Boston Properties by 3.5% during the 1st quarter. Capital World Investors now owns 7,676,647 shares of the real estate investment trust’s stock valued at $988,752,000 after buying an additional 260,955 shares in the last quarter. Institutional investors own 92.47% of the company’s stock.
Insiders Place Their Bets
In other Boston Properties news, EVP Raymond A. Ritchey sold 22,472 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $89.96, for a total value of $2,021,581.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.
Boston Properties Trading Up 0.5 %
Boston Properties (NYSE:BXP – Get Rating) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.64. Boston Properties had a net margin of 22.04% and a return on equity of 8.17%. During the same period last year, the business posted $1.72 earnings per share. As a group, research analysts predict that Boston Properties, Inc. will post 7.52 earnings per share for the current year.
Boston Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $3.92 annualized dividend and a yield of 5.04%. Boston Properties’s payout ratio is 93.33%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on BXP shares. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Sumitomo Mitsui Financial Group cut shares of Boston Properties from an “outperform” rating to a “neutral” rating and set a $93.00 price target on the stock. in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Boston Properties from $139.00 to $104.00 in a research note on Wednesday, July 20th. Piper Sandler dropped their price target on shares of Boston Properties from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, September 15th. Finally, TheStreet cut shares of Boston Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $100.43.
Boston Properties Company Profile
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.
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