Benjamin F. Edwards & Company Inc. Acquires 440 Shares of Boston Properties, Inc. (NYSE:BXP)

Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Boston Properties, Inc. (NYSE:BXP – Get Rating) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,940 shares of the real estate investment trust’s stock after purchasing an additional 440 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Boston Properties were worth $131,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Kinneret Advisory LLC increased its holdings in shares of Boston Properties by 2.3% during the first quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 90 shares during the period. Toroso Investments LLC increased its stake in Boston Properties by 6.7% in the first quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 121 shares during the last quarter. Yousif Capital Management LLC increased its stake in Boston Properties by 0.4% in the first quarter. Yousif Capital Management LLC now owns 28,520 shares of the real estate investment trust’s stock valued at $3,673,000 after acquiring an additional 125 shares during the last quarter. Balentine LLC increased its stake in Boston Properties by 3.7% in the fourth quarter. Balentine LLC now owns 4,044 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 146 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in Boston Properties by 4.8% in the fourth quarter. Shell Asset Management Co. now owns 3,191 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 146 shares during the last quarter. 88.62% of the stock is owned by institutional investors.

Insider Transactions at Boston Properties

In other Boston Properties news, Director Matthew J. Lustig acquired 10,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were purchased at an average price of $52.92 per share, for a total transaction of $529,200.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $529,200. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.22% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BXP shares. Truist Financial lifted their price objective on shares of Boston Properties from $82.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, February 6th. Piper Sandler decreased their target price on shares of Boston Properties from $74.00 to $57.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 21st. Argus decreased their target price on shares of Boston Properties from $82.00 to $70.00 in a research note on Monday, May 1st. Evercore ISI decreased their target price on shares of Boston Properties from $79.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 27th. Finally, Wells Fargo & Company decreased their target price on shares of Boston Properties from $76.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, March 16th. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.49.

Boston Properties Stock Performance

Shares of BXP opened at $51.93 on Monday. The company has a current ratio of 4.76, a quick ratio of 4.19 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $8.14 billion, a P/E ratio of 10.41 and a beta of 1.07. The firm’s fifty day simple moving average is $54.59 and its two-hundred day simple moving average is $64.89. Boston Properties, Inc. has a 12 month low of $46.18 and a 12 month high of $120.22.

Boston Properties (NYSE:BXP – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($1.20). The firm had revenue of $803.20 million for the quarter, compared to the consensus estimate of $778.80 million. Boston Properties had a net margin of 24.82% and a return on equity of 9.44%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.82 EPS. As a group, analysts predict that Boston Properties, Inc. will post 7.17 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were issued a dividend of $0.98 per share. The ex-dividend date was Thursday, March 30th. This represents a $3.92 annualized dividend and a dividend yield of 7.55%. Boston Properties’s dividend payout ratio is 78.56%.

About Boston Properties

(Get Rating)

Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.