Knights of Columbus Asset Advisors LLC Sells 36,254 Shares of BXP, Inc. (NYSE:BXP)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in BXP, Inc. by 31.3%, now owning approximately 79,684 shares worth $5.3 million.
• A significant majority of BXP's stock, 98.72%, is owned by institutional investors, indicating strong confidence in the company's prospects.
• BXP recently announced a quarterly dividend of $0.98 to be paid on July 31st, representing an annualized dividend yield of 5.54%.

Knights of Columbus Asset Advisors LLC decreased its stake in shares of BXP, Inc. (NYSE:BXP - Free Report) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,684 shares of the real estate investment trust's stock after selling 36,254 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.05% of BXP worth $5,354,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Deutsche Bank AG lifted its holdings in shares of BXP by 30.6% during the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock valued at $70,612,000 after purchasing an additional 222,284 shares in the last quarter. NewSquare Capital LLC raised its holdings in BXP by 98.3% in the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after purchasing an additional 53,727 shares during the period. Pacific Heights Asset Management LLC lifted its position in shares of BXP by 66.7% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $6,719,000 after buying an additional 40,000 shares in the last quarter. Altrius Capital Management Inc boosted its position in shares of BXP by 3.7% in the first quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust's stock worth $4,491,000 after purchasing an additional 2,375 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in BXP by 4.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock worth $754,000 after buying an additional 441 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BXP has been the subject of a number of recent analyst reports. Scotiabank dropped their price objective on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Monday, July 14th. Piper Sandler cut their price objective on shares of BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Truist Financial reduced their price objective on shares of BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. JPMorgan Chase & Co. upgraded shares of BXP from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $72.00 to $78.00 in a research report on Monday, June 23rd. Finally, UBS Group cut their target price on shares of BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $78.07.

BXP Trading Up 0.3%

NYSE BXP traded up $0.20 during trading hours on Tuesday, hitting $69.80. 887,137 shares of the company were exchanged, compared to its average volume of 1,489,701. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. The stock has a 50-day moving average price of $69.63 and a 200 day moving average price of $68.30. The stock has a market cap of $11.05 billion, a PE ratio of -3,493.95, a price-to-earnings-growth ratio of 5.88 and a beta of 1.15.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The firm had revenue of $865.22 million for the quarter, compared to analysts' expectations of $833.89 million. During the same period in the prior year, the firm posted $1.73 earnings per share. BXP's revenue for the quarter was up 3.1% on a year-over-year basis. Analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.98 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.92 dividend on an annualized basis and a yield of 5.62%. BXP's payout ratio is -19,600.00%.

BXP 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.