Retirement Systems of Alabama Grows Holdings in Boston Properties, Inc. (NYSE:BXP)

Retirement Systems of Alabama grew its position in Boston Properties, Inc. (NYSE:BXP - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410,158 shares of the real estate investment trust's stock after acquiring an additional 66,692 shares during the period. Retirement Systems of Alabama owned about 0.26% of Boston Properties worth $28,781,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BXP. Signaturefd LLC increased its holdings in shares of Boston Properties by 3.5% during the 3rd quarter. Signaturefd LLC now owns 6,909 shares of the real estate investment trust's stock worth $411,000 after acquiring an additional 232 shares during the last quarter. Cambridge Trust Co. raised its position in shares of Boston Properties by 80.1% in the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 250 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Boston Properties by 5.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,431 shares of the real estate investment trust's stock valued at $381,000 after purchasing an additional 257 shares during the period. Caprock Group LLC lifted its stake in shares of Boston Properties by 6.4% during the 3rd quarter. Caprock Group LLC now owns 4,367 shares of the real estate investment trust's stock worth $264,000 after buying an additional 263 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Boston Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 40,957 shares of the real estate investment trust's stock worth $2,874,000 after buying an additional 308 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Trading Up 2.2 %

Shares of Boston Properties stock traded up $1.36 during trading on Monday, hitting $62.87. The company's stock had a trading volume of 909,609 shares, compared to its average volume of 1,423,921. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 51.95 and a beta of 1.15. Boston Properties, Inc. has a 52 week low of $46.80 and a 52 week high of $73.97. The stock has a 50-day moving average price of $63.03 and a two-hundred day moving average price of $63.02. The company has a debt-to-equity ratio of 1.99, a current ratio of 5.40 and a quick ratio of 5.40.

Boston Properties (NYSE:BXP - Get Free Report) last released its 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. Equities research analysts anticipate that Boston Properties, Inc. will post 7.12 EPS 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. Investors of record on Thursday, March 28th will be paid a dividend of $0.98 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.24%. Boston Properties's dividend payout ratio is currently 323.97%.

Insiders Place Their Bets

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BXP shares. Deutsche Bank Aktiengesellschaft assumed coverage on Boston Properties in a report on Tuesday, January 30th. They set a "hold" rating and a $74.00 price target for the company. Jefferies Financial Group raised shares of Boston Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $57.00 to $80.00 in a research report on Tuesday, January 2nd. StockNews.com raised shares of Boston Properties from a "sell" rating to a "hold" rating in a research report on Thursday, February 1st. Truist Financial cut their price objective on shares of Boston Properties from $77.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, March 5th. Finally, Barclays lowered their target price on shares of Boston Properties from $67.00 to $66.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 27th. One investment 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's stock. Based on data from MarketBeat.com, the company presently has an average 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.