International Assets Investment Management LLC Invests $15.81 Million in Boston Properties, Inc. (NYSE:BXP)

International Assets Investment Management LLC bought a new stake in Boston Properties, Inc. (NYSE:BXP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,525 shares of the real estate investment trust’s stock, valued at approximately $15,810,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Boston Properties in the fourth quarter valued at about $29,000. Sound Income Strategies LLC raised its position in Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 424 shares during the last quarter. Sentry Investment Management LLC purchased a new position in Boston Properties during the 3rd quarter worth approximately $47,000. ING Groep NV acquired a new stake in Boston Properties during the 3rd quarter valued at approximately $61,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Boston Properties in the fourth quarter worth $65,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BXP shares. Truist Financial decreased their target price on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 5th. BMO Capital Markets lowered their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Boston Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target for the company. Finally, Barclays dropped 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 research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.47.

Boston Properties Stock Performance

NYSE:BXP opened at $60.78 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 5.40 and a current ratio of 4.77. The stock has a market capitalization of $9.55 billion, a PE ratio of 49.82 and a beta of 1.15. Boston Properties, Inc. has a fifty-two week low of $46.80 and a fifty-two week high of $73.97. The company has a fifty day moving average of $62.62 and a two-hundred day moving average of $63.04.

Boston Properties (NYSE:BXP) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The company had revenue of $839.44 million for the quarter, compared to analysts’ expectations of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. As a group, research analysts forecast that Boston Properties, Inc. will post 7.07 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a $0.98 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.92 annualized dividend and a dividend yield of 6.45%. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Insider Transactions at Boston Properties

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.35% of the company’s stock.

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.