Boston Properties, Inc. (NYSE:BXP) Shares Acquired by NewSquare Capital LLC

NewSquare Capital LLC grew its holdings in Boston Properties, Inc. (NYSE:BXP - Free Report) by 98.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,363 shares of the real estate investment trust's stock after purchasing an additional 53,727 shares during the quarter. NewSquare Capital LLC owned approximately 0.07% of Boston Properties worth $7,281,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Deutsche Bank AG grew its position in shares of Boston Properties by 30.6% in 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 during the last quarter. Whittier Trust Co. grew its position in shares of Boston Properties by 3.5% in the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock valued at $22,812,000 after purchasing an additional 10,429 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Boston Properties by 12.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust's stock valued at $12,679,000 after buying an additional 18,900 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of Boston Properties by 198.9% during the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock valued at $11,091,000 after buying an additional 99,248 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Boston Properties by 7.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 144,123 shares of the real estate investment trust's stock valued at $10,717,000 after buying an additional 10,252 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BXP has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Boston Properties from $89.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Jefferies Financial Group initiated coverage on shares of Boston Properties in a research note on Monday, March 17th. They set a "buy" rating and a $78.00 price objective on the stock. UBS Group cut their price target on shares of Boston Properties from $80.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Scotiabank cut their price target on shares of Boston Properties from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, Piper Sandler cut their price target on shares of Boston Properties from $100.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Boston Properties currently has a consensus rating of "Hold" and a consensus target price of $77.67.

Boston Properties Trading Up 0.1%

Shares of BXP stock traded up $0.10 during mid-day trading on Wednesday, reaching $72.99. The company's stock had a trading volume of 1,693,631 shares, compared to its average volume of 1,308,825. The company's 50 day simple moving average is $65.49 and its 200-day simple moving average is $70.05. Boston Properties, Inc. has a 12-month low of $54.22 and a 12-month high of $90.11. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $11.56 billion, a PE ratio of 729.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.16.

Boston Properties (NYSE:BXP - Get Free Report) last issued its 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). Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. The business had revenue of $865.22 million during the quarter, compared to analysts' expectations of $833.89 million. During the same period in the prior year, the business posted $1.73 EPS. The business's revenue was up 3.1% on a year-over-year basis. On average, research analysts predict that Boston Properties, Inc. will post 6.91 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Monday, March 31st. Boston Properties's payout ratio is -19,600.00%.

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.