Advisory Services Network LLC Acquires New Holdings in Boston Properties, Inc. (NYSE:BXP)

Advisory Services Network LLC bought a new position in Boston Properties, Inc. (NYSE:BXPFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,900 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Other large investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Boston Properties during the fourth quarter worth approximately $29,000. Manchester Capital Management LLC boosted its position in shares of Boston Properties by 435.9% during the fourth quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 340 shares during the period. Sound Income Strategies LLC boosted its position in shares of Boston Properties by 770.9% during the fourth 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 period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Boston Properties during the fourth quarter worth approximately $34,000. Finally, 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. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Price Performance

Shares of NYSE:BXP opened at $59.95 on Wednesday. Boston Properties, Inc. has a one year low of $49.67 and a one year high of $73.97. The stock has a fifty day moving average of $61.37 and a 200-day moving average of $64.15. The company has a market capitalization of $9.42 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 0.42 and a beta of 1.15. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77.

Boston Properties (NYSE:BXPGet Free Report) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) 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 firm had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. During the same period last year, the firm earned $1.73 earnings per share. Boston Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that Boston Properties, Inc. will post 7.05 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 6.54%. The ex-dividend date was Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is currently 321.31%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BXP. Barclays reduced their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Wedbush cut their target price on Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. BMO Capital Markets cut their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Evercore ISI cut their target price on Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Finally, Truist Financial cut their target price 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.47.

View 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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