Corient Private Wealth LLC Sells 4,023 Shares of Boston Properties, Inc. (NYSE:BXP)

Corient Private Wealth LLC decreased its stake in shares of Boston Properties, Inc. (NYSE:BXPFree Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,834 shares of the real estate investment trust’s stock after selling 4,023 shares during the quarter. Corient Private Wealth LLC’s holdings in Boston Properties were worth $2,444,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Clearbridge Investments LLC acquired a new stake in Boston Properties during the fourth quarter worth $18,828,000. Wells Fargo & Company MN raised its position in Boston Properties by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 192,833 shares of the real estate investment trust’s stock worth $13,531,000 after purchasing an additional 5,840 shares in the last quarter. UBS Group AG lifted its stake in Boston Properties by 0.4% during the fourth quarter. UBS Group AG now owns 99,191 shares of the real estate investment trust’s stock worth $6,960,000 after purchasing an additional 427 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Boston Properties by 92.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,637 shares of the real estate investment trust’s stock valued at $1,799,000 after purchasing an additional 12,298 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Boston Properties in the 4th quarter worth approximately $890,848,000. 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 Boston Properties stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.35% of the company’s stock.

Boston Properties Stock Performance

BXP stock opened at $58.19 on Friday. Boston Properties, Inc. has a twelve month low of $47.58 and a twelve month high of $73.97. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 1.91. The company has a market cap of $9.14 billion, a P/E ratio of 47.70, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The business’s fifty day moving average is $61.50 and its 200-day moving average is $63.92.

Boston Properties (NYSE:BXPGet Free Report) last released 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). The company had revenue of $839.44 million during the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 EPS. Equities research analysts forecast that Boston Properties, Inc. will post 7.05 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date was Wednesday, March 27th. Boston Properties’s dividend payout ratio is currently 321.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BXP. Truist Financial lowered their price target on Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 5th. Barclays decreased their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Wedbush cut their target price on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. BMO Capital Markets decreased their price target on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Finally, StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.47.

Read Our Latest Report on BXP

About Boston Properties

(Free Report)

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.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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