California Public Employees Retirement System Has $21.03 Million Holdings in Boston Properties, Inc. (NYSE:BXP)

California Public Employees Retirement System cut its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,652 shares of the real estate investment trust’s stock after selling 19,612 shares during the period. California Public Employees Retirement System’s holdings in Boston Properties were worth $21,027,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BXP. AE Wealth Management LLC acquired a new stake in shares of Boston Properties during the third quarter worth $277,000. Caprock Group LLC grew its stake in Boston Properties by 6.4% in the third quarter. Caprock Group LLC now owns 4,367 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 263 shares during the period. Oak Thistle LLC acquired a new position in Boston Properties in the third quarter valued at about $416,000. Czech National Bank grew its stake in Boston Properties by 49.3% in the third quarter. Czech National Bank now owns 25,223 shares of the real estate investment trust’s stock valued at $1,500,000 after acquiring an additional 8,328 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Boston Properties by 26.8% in the third quarter. Handelsbanken Fonder AB now owns 27,000 shares of the real estate investment trust’s stock valued at $1,606,000 after acquiring an additional 5,700 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the business’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 transaction of $889,186.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.

Boston Properties Stock Performance

BXP opened at $61.51 on Monday. The business’s 50-day simple moving average is $63.12 and its 200 day simple moving average is $62.97. The firm has a market capitalization of $9.66 billion, a PE ratio of 50.83 and a beta of 1.15. The company has a debt-to-equity ratio of 1.99, a quick ratio of 5.40 and a current ratio of 5.40. Boston Properties, Inc. has a 52-week low of $46.80 and a 52-week high of $73.97.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.05). The business had revenue of $828.90 million for the quarter, compared to analyst estimates of $811.59 million. Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. Boston Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. As a group, sell-side analysts expect that Boston Properties, Inc. will post 7.12 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is presently 323.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BXP shares. Barclays decreased their target price on 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. Truist Financial cut 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. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. BMO Capital Markets cut their price target on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Boston Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target on the stock. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.