Raymond James & Associates Grows Stock Holdings in Boston Properties, Inc. (NYSE:BXP)

Raymond James & Associates increased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 37.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,657 shares of the real estate investment trust’s stock after purchasing an additional 9,382 shares during the period. Raymond James & Associates’ holdings in Boston Properties were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BXP. Raymond James Financial Services Advisors Inc. grew its position in Boston Properties by 17.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,714 shares of the real estate investment trust’s stock valued at $350,000 after buying an additional 396 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Boston Properties during the first quarter valued at approximately $214,000. Private Advisor Group LLC bought a new stake in Boston Properties during the first quarter valued at approximately $403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Boston Properties by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,020 shares of the real estate investment trust’s stock valued at $2,450,000 after buying an additional 1,178 shares during the period. Finally, APG Asset Management N.V. grew its position in Boston Properties by 38.8% during the first quarter. APG Asset Management N.V. now owns 11,448 shares of the real estate investment trust’s stock valued at $1,325,000 after buying an additional 3,200 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Boston Properties Trading Down 3.3 %

Shares of BXP opened at $58.63 on Tuesday. Boston Properties, Inc. has a twelve month low of $46.80 and a twelve month high of $73.97. The company has a market cap of $9.21 billion, a P/E ratio of 48.45 and a beta of 1.15. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. The company’s fifty day simple moving average is $63.84 and its 200-day simple moving average is $62.65.

Boston Properties (NYSE:BXP) last announced its earnings results 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). The firm had revenue of $828.90 million during the quarter, compared to analysts’ expectations of $811.59 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. As a group, analysts expect that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 6.69%. The ex-dividend date is Wednesday, March 27th. Boston Properties’s dividend payout ratio is presently 323.97%.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the firm’s 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 filing with the SEC, which is accessible through this link. 1.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BXP. BMO Capital Markets cut their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Piper Sandler upped their price target on shares of Boston Properties from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $57.00 to $80.00 in a research report on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.44.

Boston Properties Company Profile

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.