Benjamin F. Edwards & Company Inc. Raises Holdings in Boston Properties, Inc. (NYSE:BXP)

Benjamin F. Edwards & Company Inc. increased its position in Boston Properties, Inc. (NYSE:BXP) by 21.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,450 shares of the real estate investment trust’s stock after purchasing an additional 945 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Boston Properties were worth $382,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BXP. Signaturefd LLC lifted its stake in Boston Properties by 3.5% in the third quarter. Signaturefd LLC now owns 6,909 shares of the real estate investment trust’s stock valued at $411,000 after buying an additional 232 shares during the last quarter. Cambridge Trust Co. boosted its stake in Boston Properties by 80.1% during the 4th 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 period. Tokio Marine Asset Management Co. Ltd. grew its position in Boston Properties by 5.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,431 shares of the real estate investment trust’s stock worth $381,000 after purchasing an additional 257 shares during the last quarter. Caprock Group LLC increased its stake in Boston Properties by 6.7% in the fourth quarter. Caprock Group LLC now owns 4,660 shares of the real estate investment trust’s stock valued at $332,000 after purchasing an additional 293 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Boston Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 40,957 shares of the real estate investment trust’s stock valued at $2,874,000 after buying an additional 308 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boston Properties

In related news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial decreased their price objective on Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 5th. Evercore ISI dropped their price objective on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays lowered their target price on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets lowered 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.53.

Boston Properties Stock Down 1.2 %

Boston Properties stock opened at $60.12 on Thursday. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 49.28 and a beta of 1.15. The company has a debt-to-equity ratio of 1.91, a quick ratio of 5.40 and a current ratio of 4.77. Boston Properties, Inc. has a fifty-two week low of $46.80 and a fifty-two week high of $73.97. The stock’s fifty day moving average is $62.49 and its two-hundred day moving average is $63.22.

Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The business had revenue of $839.44 million for the quarter, compared to analysts’ expectations of $808.68 million. During the same quarter last year, the business posted $1.73 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Analysts predict that Boston Properties, Inc. will post 7.07 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 6.52%. The ex-dividend date was Wednesday, March 27th. Boston Properties’s payout ratio is 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.