Boston Properties, Inc. (NYSE:BXP) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,228,879 shares of the real estate investment trust's stock after purchasing an additional 22,074 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.42% of Boston Properties worth $156,407,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Boston Properties during the 4th quarter worth approximately $15,810,000. Dark Forest Capital Management LP purchased a new stake in Boston Properties in the 3rd quarter valued at $904,000. abrdn plc grew its holdings in Boston Properties by 4.2% in the 4th quarter. abrdn plc now owns 713,840 shares of the real estate investment trust's stock valued at $50,090,000 after buying an additional 28,870 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Boston Properties by 50.5% in the 4th quarter. National Bank of Canada FI now owns 46,377 shares of the real estate investment trust's stock worth $3,343,000 after acquiring an additional 15,570 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new position in shares of Boston Properties during the 4th quarter worth $5,017,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BXP shares. 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 research report on Tuesday, March 5th. Barclays reduced their price target on shares of Boston Properties from $67.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 27th. StockNews.com lowered Boston Properties from a "hold" rating to a "sell" rating in a research report on Friday, May 3rd. Evercore ISI reduced their target price on Boston Properties from $73.00 to $69.00 and set an "outperform" rating on the stock in a research report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft began 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Boston Properties has a consensus rating of "Hold" and an average price target of $69.53.

Insider Transactions at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.35% of the company's stock.

Boston Properties Stock Down 0.7 %

BXP traded down $0.45 during trading hours on Friday, hitting $63.20. 887,260 shares of the company's stock were exchanged, compared to its average volume of 1,159,289. The firm has a market cap of $9.93 billion, a P/E ratio of 51.80, a price-to-earnings-growth ratio of 0.24 and a beta of 1.15. Boston Properties, Inc. has a 12-month low of $46.80 and a 12-month high of $73.97. 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 firm has a 50 day moving average of $62.21 and a 200 day moving average of $63.69.

Boston Properties (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($1.22). The company had revenue of $839.44 million for the quarter, compared to analysts' expectations of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS. Analysts predict that Boston Properties, Inc. will post 7.07 EPS 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 $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 6.20%. The ex-dividend date was Wednesday, March 27th. Boston Properties's payout ratio is presently 321.31%.

Boston Properties Company 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.