Altrius Capital Management Inc Has $4.79 Million Position in Boston Properties, Inc. (NYSE:BXP)

Altrius Capital Management Inc lessened its position in shares of Boston Properties, Inc. (NYSE:BXP) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 64,467 shares of the real estate investment trust’s stock after selling 1,732 shares during the period. Altrius Capital Management Inc’s holdings in Boston Properties were worth $4,794,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Boston Properties by 25.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 1,112 shares during the period. Van ECK Associates Corp increased its stake in Boston Properties by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock worth $5,238,000 after acquiring an additional 1,169 shares during the period. E. Ohman J or Asset Management AB raised its holdings in Boston Properties by 32.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock valued at $491,000 after acquiring an additional 1,600 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Boston Properties by 18.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 590 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Boston Properties by 1.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Boston Properties Stock Up 0.1 %

Boston Properties stock opened at $70.09 on Friday. Boston Properties, Inc. has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The firm’s 50-day simple moving average is $72.15 and its 200 day simple moving average is $76.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The stock has a market cap of $11.08 billion, a PE ratio of 700.97, a price-to-earnings-growth ratio of 0.91 and a beta of 1.18.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Research analysts predict that Boston Properties, Inc. will post 6.91 EPS for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were paid a $0.98 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.59%. Boston Properties’s dividend payout ratio is 3,920.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and boosted their price target for the company from $80.00 to $88.00 in a research note on Thursday, November 14th. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Barclays raised their price target on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Piper Sandler reduced their price target on Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Truist Financial raised their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.23.

Insiders Place Their Bets

In related news, EVP Hilary J. Spann sold 12,379 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares in the company, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.35% of the company’s stock.

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.