First Trust Direct Indexing L.P. Buys Shares of 6,438 Boston Properties, Inc. (NYSE:BXP)

First Trust Direct Indexing L.P. purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,438 shares of the real estate investment trust’s stock, valued at approximately $452,000.

Several other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new stake in Boston Properties in the 4th quarter valued at about $29,000. Sound Income Strategies LLC increased its stake 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 during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Boston Properties during the fourth quarter valued at approximately $34,000. Cambridge Trust Co. boosted its position in shares of 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 buying an additional 250 shares during the period. Finally, Sentry Investment Management LLC bought a new position in Boston Properties in the 3rd quarter worth approximately $47,000. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

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

Boston Properties Stock Performance

Shares of NYSE BXP opened at $60.78 on Monday. The business’s 50-day simple moving average is $62.62 and its 200-day simple moving average is $63.12. Boston Properties, Inc. has a 52 week low of $46.80 and a 52 week high of $73.97. 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 firm has a market cap of $9.55 billion, a price-to-earnings ratio of 49.82 and a beta of 1.15.

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

Boston Properties Announces Dividend

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

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.