Cambridge Investment Research Advisors Inc. Purchases 8,779 Shares of Boston Properties, Inc. (NYSE:BXP)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Boston Properties, Inc. (NYSE:BXP – Get Rating) by 187.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,462 shares of the real estate investment trust’s stock after acquiring an additional 8,779 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Boston Properties were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BXP. Vanguard Group Inc. lifted its stake in Boston Properties by 0.4% in the third quarter. Vanguard Group Inc. now owns 23,527,167 shares of the real estate investment trust’s stock valued at $1,763,832,000 after buying an additional 91,834 shares in the last quarter. BlackRock Inc. lifted its stake in Boston Properties by 0.5% in the 3rd quarter. BlackRock Inc. now owns 17,154,333 shares of the real estate investment trust’s stock valued at $1,286,059,000 after acquiring an additional 83,628 shares in the last quarter. State Street Corp grew its stake in shares of Boston Properties by 0.4% during the 3rd quarter. State Street Corp now owns 11,071,148 shares of the real estate investment trust’s stock worth $840,326,000 after acquiring an additional 47,386 shares in the last quarter. Putnam Investments LLC raised its holdings in shares of Boston Properties by 4.2% in the third quarter. Putnam Investments LLC now owns 3,496,066 shares of the real estate investment trust’s stock valued at $262,100,000 after purchasing an additional 140,445 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Boston Properties by 311.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,929,994 shares of the real estate investment trust’s stock worth $198,009,000 after buying an additional 2,218,223 shares in the last quarter. 88.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BXP has been the topic of several analyst reports. Evercore ISI cut their price target on shares of Boston Properties from $79.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 27th. Piper Sandler dropped their price objective on Boston Properties from $74.00 to $57.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 21st. StockNews.com began coverage on Boston Properties in a research note on Thursday. They set a “hold” rating on the stock. Truist Financial upped their price objective on Boston Properties from $82.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Finally, The Goldman Sachs Group began coverage on Boston Properties in a research note on Tuesday, March 21st. They set a “neutral” rating and a $56.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Boston Properties has an average rating of “Hold” and a consensus price target of $73.49.

Boston Properties Stock Down 0.5 %

Shares of BXP opened at $49.08 on Friday. Boston Properties, Inc. has a 12 month low of $46.18 and a 12 month high of $112.72. The firm’s 50 day moving average is $51.67 and its 200-day moving average is $63.31. The stock has a market capitalization of $7.70 billion, a PE ratio of 9.84 and a beta of 1.07. The company has a current ratio of 4.76, a quick ratio of 4.76 and a debt-to-equity ratio of 1.80.

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

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, March 31st were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend was Thursday, March 30th. Boston Properties’s payout ratio is currently 78.56%.

Insider Buying and Selling

In other news, Director Matthew J. Lustig acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $52.92 per share, with a total value of $529,200.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $529,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is owned by company insiders.

Boston Properties Company Profile

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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.