Los Angeles Capital Management LLC Makes New Investment in Boston Properties, Inc. (NYSE:BXP)

Los Angeles Capital Management LLC acquired a new position in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 166,022 shares of the real estate investment trust's stock, valued at approximately $11,650,000. Los Angeles Capital Management LLC owned about 0.11% of Boston Properties at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Boston Properties in the fourth quarter valued at approximately $29,000. Sound Income Strategies LLC boosted its stake in Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 424 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Boston Properties during the 4th quarter worth $34,000. Cambridge Trust Co. grew its position in Boston Properties by 80.1% during the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Boston Properties in the third quarter valued at $47,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Boston Properties Price Performance

Shares of Boston Properties stock traded up $0.71 during trading on Friday, hitting $60.78. 891,709 shares of the company were exchanged, compared to its average volume of 1,251,863. The firm has a 50 day moving average price of $62.62 and a 200 day moving average price of $63.12. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 49.82 and a beta of 1.15. The company has a quick ratio of 5.40, a current ratio of 4.77 and a debt-to-equity ratio of 1.91. Boston Properties, Inc. has a fifty-two week low of $46.80 and a fifty-two week high of $73.97.

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

Boston Properties Dividend Announcement

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

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the business's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BXP. Barclays lowered their price target 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. Truist Financial dropped 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. StockNews.com downgraded Boston Properties from a "hold" rating to a "sell" rating in a report on Friday. Wedbush dropped their price objective on shares of Boston Properties from $66.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, 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 objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $69.47.

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.