Xponance Inc. Cuts Stock Holdings in Boston Properties, Inc. (NYSE:BXP)

Xponance Inc. reduced its stake in Boston Properties, Inc. (NYSE:BXP) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,389 shares of the real estate investment trust’s stock after selling 2,100 shares during the quarter. Xponance Inc.’s holdings in Boston Properties were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Boston Properties during the 4th quarter valued at $29,000. Sound Income Strategies LLC increased its stake in 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 acquiring an additional 424 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Boston Properties during the fourth quarter valued at about $34,000. Cambridge Trust Co. lifted 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 worth $39,000 after purchasing an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Boston Properties in the 3rd quarter worth about $47,000. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.

Boston Properties Price Performance

Shares of Boston Properties stock opened at $62.94 on Thursday. The business has a 50 day moving average of $63.33 and a 200 day moving average of $62.83. Boston Properties, Inc. has a 52 week low of $46.80 and a 52 week high of $73.97. The company has a market cap of $9.88 billion, a PE ratio of 52.02 and a beta of 1.15. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99.

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

Boston Properties Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets decreased their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Truist Financial decreased their price target on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price objective for the company. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $57.00 to $80.00 in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.