Knights of Columbus Asset Advisors LLC Takes Position in Boston Properties, Inc. (NYSE:BXP)

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 71,500 shares of the real estate investment trust's stock, valued at approximately $5,017,000.

A number of other institutional investors also recently bought and sold shares of the business. Kinneret Advisory LLC lifted its holdings in shares of Boston Properties by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust's stock valued at $525,000 after purchasing an additional 90 shares during the last quarter. Toroso Investments LLC lifted its holdings in shares of Boston Properties by 6.7% in the 1st quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust's stock valued at $247,000 after purchasing an additional 121 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Boston Properties by 0.4% in the 1st quarter. Yousif Capital Management LLC now owns 28,520 shares of the real estate investment trust's stock valued at $3,673,000 after purchasing an additional 125 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of Boston Properties by 15.4% in the 3rd quarter. Park Place Capital Corp now owns 1,355 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 181 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Boston Properties by 3.2% in the 2nd quarter. Creative Planning now owns 6,425 shares of the real estate investment trust's stock valued at $572,000 after purchasing an additional 200 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the company's 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 legal filing with the SEC, which is available at this link. Insiders own 1.22% of the company's stock.

Boston Properties Price Performance

Shares of BXP traded up $1.51 on Friday, reaching $60.20. The stock had a trading volume of 1,446,314 shares, compared to its average volume of 1,232,672. The firm has a market capitalization of $9.45 billion, a PE ratio of 49.75 and a beta of 1.15. 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 firm has a 50-day moving average of $63.41 and a 200 day moving average of $62.66. Boston Properties, Inc. has a twelve month low of $46.80 and a twelve month high of $73.97.

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

Boston Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Wednesday, March 27th. Boston Properties's dividend payout ratio is currently 323.97%.

Analyst Upgrades and Downgrades

BXP has been the subject of several research reports. Barclays reduced their target price on Boston Properties from $67.00 to $66.00 and set an "equal weight" rating for the company in a report on Wednesday, March 27th. StockNews.com upgraded Boston Properties from a "sell" rating to a "hold" rating in a research report on Thursday, February 1st. Jefferies Financial Group upgraded Boston Properties from a "hold" rating to a "buy" rating and boosted their price target for the company from $57.00 to $80.00 in a research report on Tuesday, January 2nd. Truist Financial dropped their price target on Boston Properties from $77.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Boston Properties in a research report on Tuesday, January 30th. They issued a "hold" rating and a $74.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Boston Properties presently has an average rating of "Hold" and an average 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.