Cerity Partners LLC Invests $333,000 in Boston Properties, Inc. (NYSE:BXP)

Cerity Partners LLC purchased a new stake in Boston Properties, Inc. (NYSE:BXP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,747 shares of the real estate investment trust’s stock, valued at approximately $333,000.

Several other institutional investors have also bought and sold shares of BXP. McGlone Suttner Wealth Management Inc. acquired a new stake in Boston Properties in the 4th quarter valued at $29,000. Sound Income Strategies LLC boosted its stake in Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 424 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Boston Properties in the 4th quarter valued at $34,000. Sentry Investment Management LLC acquired a new stake in Boston Properties in the 3rd quarter valued at $47,000. Finally, ING Groep NV acquired a new stake in Boston Properties in the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at Boston Properties

In other Boston Properties 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 value of $889,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.35% of the company’s stock.

Boston Properties Trading Down 0.7 %

NYSE BXP opened at $61.50 on Friday. The stock has a 50-day simple moving average of $63.12 and a 200 day simple moving average of $62.87. The company has a market capitalization of $9.66 billion, a PE ratio of 50.83 and a beta of 1.15. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.05). The company had revenue of $828.90 million during the quarter, compared to the consensus estimate of $811.59 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 EPS. Research analysts forecast that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a yield of 6.37%. Boston Properties’s payout ratio is 323.97%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Boston Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target on the stock. BMO Capital Markets cut their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Jefferies Financial Group upgraded Boston Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $57.00 to $80.00 in a research report on Tuesday, January 2nd. Finally, Truist Financial cut their price objective on Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.44.

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.