Gulf International Bank UK Ltd Has $865,000 Holdings in Boston Properties, Inc. (NYSE:BXP)

Gulf International Bank UK Ltd lessened its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,633 shares of the real estate investment trust’s stock after selling 304 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Boston Properties were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Van ECK Associates Corp grew its position in shares of 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 purchasing an additional 1,169 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Boston Properties by 15.7% during the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after acquiring an additional 6,687 shares during the period. Crossmark Global Holdings Inc. lifted 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 acquiring an additional 156 shares during the period. E. Ohman J or Asset Management AB lifted its holdings in shares of Boston Properties by 32.0% during the 4th quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock worth $491,000 after acquiring an additional 1,600 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Boston Properties by 25.8% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 1,112 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Transactions at Boston Properties

In other news, EVP Hilary J. Spann sold 12,379 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the completion of the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. This represents a 63.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Boston Properties Trading Up 1.2 %

Shares of NYSE BXP opened at $70.88 on Monday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. Boston Properties, Inc. has a 52-week low of $56.46 and a 52-week high of $90.11. The firm has a 50 day moving average price of $72.08 and a two-hundred day moving average price of $77.08. The stock has a market cap of $11.21 billion, a P/E ratio of 708.86, a price-to-earnings-growth ratio of 0.91 and a beta of 1.18.

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

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.53%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is currently 3,920.00%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BXP. Truist Financial upped their price target on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays upped their price target on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Scotiabank cut their price target on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Wells Fargo & Company dropped their price objective on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.08.

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.