Boston Properties, Inc. (NYSE:BXP) Holdings Raised by Strs Ohio

Strs Ohio raised its stake in Boston Properties, Inc. (NYSE:BXP - Free Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 477,057 shares of the real estate investment trust's stock after buying an additional 43,685 shares during the quarter. Strs Ohio owned about 0.30% of Boston Properties worth $33,475,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Kinneret Advisory LLC lifted its position in Boston Properties by 2.3% in the first quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust's stock valued at $525,000 after buying an additional 90 shares during the last quarter. Toroso Investments LLC lifted its position in shares of Boston Properties by 6.7% during the first quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 121 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Boston Properties by 0.4% during the first quarter. Yousif Capital Management LLC now owns 28,520 shares of the real estate investment trust's stock worth $3,673,000 after purchasing an additional 125 shares in the last quarter. Park Place Capital Corp lifted its position in shares of Boston Properties by 15.4% during the third quarter. Park Place Capital Corp now owns 1,355 shares of the real estate investment trust's stock worth $81,000 after purchasing an additional 181 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Boston Properties by 3.2% during the second quarter. Creative Planning now owns 6,425 shares of the real estate investment trust's stock worth $572,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Boston Properties Stock Down 1.2 %

Boston Properties stock traded down $0.70 during mid-day trading on Tuesday, hitting $57.97. The company had a trading volume of 1,474,352 shares, compared to its average volume of 1,454,947. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 47.91 and a beta of 1.15. Boston Properties, Inc. has a 1 year low of $46.80 and a 1 year high of $73.97. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99. The business has a fifty day moving average of $63.73 and a 200 day moving average of $62.64.

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

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.76%. Boston Properties's dividend payout ratio (DPR) is presently 323.97%.

Insider Transactions at Boston Properties

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BXP shares. Piper Sandler increased their price target on shares of Boston Properties from $60.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 20th. Truist Financial reduced their price target on shares of Boston Properties from $77.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, March 5th. Barclays reduced their price target on shares of Boston Properties from $67.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They set a "hold" rating and a $74.00 price target on the stock. Finally, BMO Capital Markets cut their target price on shares of Boston Properties from $80.00 to $78.00 and set an "outperform" rating on the stock in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Boston Properties presently has a consensus rating of "Hold" and a consensus price target of $69.44.

Boston Properties 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.