Kestra Private Wealth Services LLC Makes New $1.23 Million Investment in Boston Properties, Inc. (NYSE:BXP)

Kestra Private Wealth Services LLC acquired a new stake in shares of Boston Properties, Inc. (NYSE:BXP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,281 shares of the real estate investment trust’s stock, valued at approximately $1,230,000.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Boston Properties by 15.6% in the 4th quarter. Van ECK Associates Corp now owns 61,800 shares of the real estate investment trust’s stock worth $4,336,000 after acquiring an additional 8,360 shares during the last quarter. Altrius Capital Management Inc lifted its stake in Boston Properties by 2.8% in the fourth quarter. Altrius Capital Management Inc now owns 55,218 shares of the real estate investment trust’s stock worth $3,875,000 after purchasing an additional 1,526 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Boston Properties by 19.4% in the fourth quarter. Retirement Systems of Alabama now owns 410,158 shares of the real estate investment trust’s stock worth $28,781,000 after purchasing an additional 66,692 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Boston Properties by 8.8% during the fourth quarter. Russell Investments Group Ltd. now owns 53,875 shares of the real estate investment trust’s stock valued at $3,829,000 after buying an additional 4,353 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Boston Properties by 5.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,431 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 257 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wedbush decreased their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. BMO Capital Markets lowered their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Friday. Truist Financial decreased their price objective on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $74.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.47.

Boston Properties Trading Up 1.2 %

Shares of NYSE BXP opened at $60.78 on Friday. Boston Properties, Inc. has a 1-year low of $46.80 and a 1-year high of $73.97. The business has a fifty day moving average price of $62.71 and a 200 day moving average price of $63.02. The stock has a market capitalization of $9.55 billion, a P/E ratio of 49.82 and a beta of 1.15. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 5.40.

Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The firm had revenue of $839.44 million during the quarter, compared to the consensus estimate of $808.68 million. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts expect that Boston Properties, Inc. will post 7.08 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.98 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.45%. Boston Properties’s dividend payout ratio (DPR) is 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.