Prime Capital Investment Advisors LLC Purchases Shares of 3,394 Boston Properties, Inc. (NYSE:BXP)

Prime Capital Investment Advisors LLC purchased a new stake in Boston Properties, Inc. (NYSE:BXP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,394 shares of the real estate investment trust’s stock, valued at approximately $238,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Boston Properties by 1.8% in the first 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. Norges Bank bought a new position in Boston Properties in the fourth quarter valued at approximately $857,967,000. State Street Corp lifted its stake in Boston Properties by 4.8% in the first quarter. State Street Corp now owns 11,614,055 shares of the real estate investment trust’s stock valued at $639,628,000 after buying an additional 528,634 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Boston Properties by 107,870.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,991,255 shares of the real estate investment trust’s stock valued at $404,889,000 after buying an additional 5,985,706 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Boston Properties by 4.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,376,763 shares of the real estate investment trust’s stock valued at $260,330,000 after buying an additional 174,409 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

BXP has been the topic of a number of recent research reports. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Truist Financial lowered their price objective on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 5th. BMO Capital Markets lowered their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Boston Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $74.00 target price on the stock. Finally, Barclays decreased their price objective on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.44.

Boston Properties Trading Down 2.3 %

BXP opened at $60.61 on Friday. Boston Properties, Inc. has a twelve month low of $46.80 and a twelve month high of $73.97. The company has a 50-day simple moving average of $63.92 and a 200 day simple moving average of $62.63. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 50.09 and a beta of 1.15.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.05). Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The firm had revenue of $828.90 million for the quarter, compared to the consensus estimate of $811.59 million. During the same period in the prior year, the company earned $1.86 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts predict that Boston Properties, Inc. will post 7.12 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.98 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.47%. Boston Properties’s dividend payout ratio is 323.97%.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.22% of the company’s stock.

About Boston Properties

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.