Greenleaf Trust Sells 542 Shares of Boston Properties, Inc. (NYSE:BXP)

Greenleaf Trust decreased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,866 shares of the real estate investment trust’s stock after selling 542 shares during the quarter. Greenleaf Trust’s holdings in Boston Properties were worth $271,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BXP. McGlone Suttner Wealth Management Inc. purchased a new position in Boston Properties during the 4th quarter valued at approximately $29,000. Sound Income Strategies LLC grew its holdings in shares of Boston Properties by 770.9% in the fourth quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 424 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Boston Properties in the fourth quarter worth $34,000. Cambridge Trust Co. raised its stake in Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Boston Properties during the third quarter valued at $47,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boston Properties

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.35% of the company’s stock.

Boston Properties Price Performance

Shares of BXP stock opened at $62.94 on Thursday. The company has a market capitalization of $9.88 billion, a P/E ratio of 52.02 and a beta of 1.15. Boston Properties, Inc. has a one year low of $46.80 and a one year high of $73.97. The company has a debt-to-equity ratio of 1.99, a current ratio of 5.40 and a quick ratio of 5.40. The company’s 50-day simple moving average is $63.33 and its two-hundred day simple moving average is $62.83.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS 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 company had revenue of $828.90 million for the quarter, compared to analyst estimates of $811.59 million. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s dividend payout ratio is presently 323.97%.

Wall Street Analyst Weigh In

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

Boston Properties 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.