Boston Properties, Inc. (NYSE:BXP) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lessened its position in Boston Properties, Inc. (NYSE:BXPFree Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,131 shares of the real estate investment trust’s stock after selling 279 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Boston Properties were worth $571,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV lifted its holdings in Boston Properties by 143.0% in the 4th quarter. KBC Group NV now owns 24,807 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 14,598 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Boston Properties by 0.7% in the fourth quarter. California State Teachers Retirement System now owns 249,285 shares of the real estate investment trust’s stock worth $17,492,000 after buying an additional 1,846 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Boston Properties by 12.6% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 97,089 shares of the real estate investment trust’s stock worth $6,813,000 after buying an additional 10,853 shares in the last quarter. Makena Capital Management LLC boosted its position in Boston Properties by 57.2% during the fourth quarter. Makena Capital Management LLC now owns 186,649 shares of the real estate investment trust’s stock worth $13,097,000 after acquiring an additional 67,896 shares during the last quarter. Finally, Evoke Wealth LLC purchased a new stake in Boston Properties during the 4th quarter valued at about $2,835,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BXP has been the subject of a number of analyst reports. Evercore ISI dropped their price target 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. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Wedbush lowered their price target on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Truist Financial cut their price objective 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. Finally, Barclays decreased their target price on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.47.

Get Our Latest Report on BXP

Boston Properties Trading Up 1.9 %

Shares of Boston Properties stock opened at $60.83 on Friday. 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 firm has a market cap of $9.55 billion, a price-to-earnings ratio of 49.86, a price-to-earnings-growth ratio of 0.42 and a beta of 1.15. Boston Properties, Inc. has a 52-week low of $50.64 and a 52-week high of $73.97. The company’s 50-day simple moving average is $61.21 and its 200-day simple moving average is $64.10.

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

Boston Properties Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.44%. Boston Properties’s payout ratio is currently 321.31%.

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.

Further Reading

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

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