Kestra Private Wealth Services LLC Purchases Shares of 17,281 Boston Properties, Inc. (NYSE:BXP)

Kestra Private Wealth Services LLC purchased a new position in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,281 shares of the real estate investment trust's stock, valued at approximately $1,230,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Boston Properties by 59.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 300,514 shares of the real estate investment trust's stock valued at $17,875,000 after purchasing an additional 111,606 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Boston Properties by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,358,781 shares of the real estate investment trust's stock valued at $80,820,000 after purchasing an additional 55,209 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Boston Properties during the 3rd quarter worth $67,000. New York State Teachers Retirement System grew its stake in Boston Properties by 2.8% during the 3rd quarter. New York State Teachers Retirement System now owns 156,664 shares of the real estate investment trust's stock worth $9,318,000 after purchasing an additional 4,290 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Boston Properties by 13.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 154,366 shares of the real estate investment trust's stock worth $9,182,000 after purchasing an additional 18,724 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BXP shares. StockNews.com downgraded Boston Properties from a "hold" rating to a "sell" rating in a research report on Friday. Truist Financial decreased their price objective on shares of Boston Properties from $77.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, March 5th. BMO Capital Markets cut their price target on Boston Properties from $80.00 to $78.00 and set an "outperform" rating on the stock in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft started 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. Finally, Wedbush cut their target price on Boston Properties from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Boston Properties has an average rating of "Hold" and an average target price of $69.47.

Boston Properties Stock Performance

Shares of NYSE BXP traded up $0.71 during midday trading on Friday, reaching $60.78. 891,709 shares of the company were exchanged, compared to its average volume of 1,251,863. The stock has a fifty day simple moving average of $62.62 and a 200 day simple moving average of $63.04. The company has a current ratio of 4.77, a quick ratio of 5.40 and a debt-to-equity ratio of 1.91. The stock has a market cap of $9.55 billion, a P/E ratio of 49.82 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.

Boston Properties (NYSE:BXP - Get Free Report) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The company had revenue of $839.44 million during the quarter, compared to analyst estimates of $808.68 million. During the same period in the previous year, the firm posted $1.73 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts forecast that Boston Properties, Inc. will post 7.07 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 6.45%. The ex-dividend date was Wednesday, March 27th. Boston Properties's payout ratio is 321.31%.

Insider Transactions at Boston Properties

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 transaction of $889,186.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.35% of the company's stock.

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.