International Assets Investment Management LLC Buys New Stake in Boston Properties, Inc. (NYSE:BXP)

International Assets Investment Management LLC purchased a new position in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,525 shares of the real estate investment trust's stock, valued at approximately $15,810,000.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Boston Properties by 1.8% during the first quarter. Vanguard Group Inc. now owns 23,383,095 shares of the real estate investment trust's stock worth $3,011,742,000 after purchasing an additional 404,123 shares during the period. Norges Bank acquired a new stake in shares of Boston Properties during the fourth quarter worth approximately $857,967,000. State Street Corp lifted its stake in Boston Properties by 4.8% in the first quarter. State Street Corp now owns 11,614,055 shares of the real estate investment trust's stock valued at $639,628,000 after acquiring an additional 528,634 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Boston Properties by 107,870.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,991,255 shares of the real estate investment trust's stock valued at $404,889,000 after acquiring an additional 5,985,706 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Boston Properties by 4.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,376,763 shares of the real estate investment trust's stock valued at $260,330,000 after acquiring an additional 174,409 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BXP shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They issued a "hold" rating and a $74.00 target price for the company. Piper Sandler lifted their target price on shares of Boston Properties from $60.00 to $77.00 and gave the company a "neutral" rating in a research note on Wednesday, December 20th. StockNews.com upgraded shares of Boston Properties from a "sell" rating to a "hold" rating in a research note on Thursday, February 1st. Truist Financial reduced their target price on shares of Boston Properties from $77.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, March 5th. Finally, BMO Capital Markets reduced their price objective on shares of Boston Properties from $80.00 to $78.00 and set an "outperform" rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Boston Properties presently has an average rating of "Hold" and an average target price of $69.44.

Boston Properties Stock Down 2.3 %

NYSE BXP traded down $1.42 during trading hours on Friday, reaching $60.61. 1,122,307 shares of the company's stock were exchanged, compared to its average volume of 1,456,379. The company's 50-day moving average is $63.98 and its two-hundred day moving average is $62.59. Boston Properties, Inc. has a one year low of $46.80 and a one year high of $73.97. The company has a debt-to-equity ratio of 1.99, a quick ratio of 5.40 and a current ratio of 5.40. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 50.24 and a beta of 1.15.

Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.05). The business had revenue of $828.90 million for the quarter, compared to the consensus estimate of $811.59 million. Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. Boston Properties's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. On average, analysts forecast that Boston Properties, Inc. will post 7.12 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Wednesday, March 27th. Boston Properties's payout ratio is presently 323.97%.

Insider Activity

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.22% of the stock is currently owned by insiders.

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.