Boston Properties, Inc. (NYSE:BXP) Shares Purchased by abrdn plc

abrdn plc increased its holdings in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 713,840 shares of the real estate investment trust's stock after acquiring an additional 28,870 shares during the period. abrdn plc owned approximately 0.45% of Boston Properties worth $50,090,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Boston Properties in the 4th quarter worth about $29,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Boston Properties in the 4th quarter worth about $34,000. Sound Income Strategies LLC boosted its holdings in Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust's stock worth $34,000 after buying an additional 424 shares during the last quarter. Cambridge Trust Co. boosted its holdings in Boston Properties by 80.1% in the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust's stock worth $39,000 after buying an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in Boston Properties in the 3rd quarter worth about $47,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BXP has been the topic of several recent research reports. Jefferies Financial Group upgraded Boston Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $57.00 to $80.00 in a report on Tuesday, January 2nd. BMO Capital Markets lowered their target price on Boston Properties from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, April 8th. Truist Financial lowered their target price on Boston Properties from $77.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, March 5th. Barclays lowered their target price on Boston Properties from $67.00 to $66.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 27th. Finally, StockNews.com upgraded Boston Properties from a "sell" rating to a "hold" rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Boston Properties currently has an average rating of "Hold" and a consensus target price of $69.44.

Boston Properties Trading Up 1.9 %

NYSE:BXP traded up $1.14 during trading hours on Monday, reaching $61.34. 1,063,957 shares of the stock were exchanged, compared to its average volume of 1,444,120. 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 50-day moving average of $63.33 and a two-hundred day moving average of $62.76. Boston Properties, Inc. has a twelve month low of $46.80 and a twelve month high of $73.97. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 50.69 and a beta of 1.15.

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 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($1.05). Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The firm had revenue of $828.90 million for the quarter, compared to analyst estimates of $811.59 million. During the same quarter last year, the company earned $1.86 earnings per share. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts predict 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. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date is Wednesday, March 27th. Boston Properties's dividend payout ratio (DPR) is 323.97%.

Insiders Place Their Bets

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the company's 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.35% of the stock is owned by insiders.

About Boston Properties

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.