Knights of Columbus Asset Advisors LLC Lowers Stock Position in Boston Properties, Inc. (NYSE:BXP)

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,938 shares of the real estate investment trust’s stock after selling 13,902 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.07% of Boston Properties worth $8,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its position in shares of Boston Properties by 19.8% during the fourth quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 142 shares during the period. Crossmark Global Holdings Inc. raised its stake in Boston Properties by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after buying an additional 156 shares in the last quarter. Sound Income Strategies LLC raised its stake in Boston Properties by 18.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 590 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Boston Properties by 25.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 1,112 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Boston Properties

In related news, EVP Donna D. Garesche sold 2,143 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total value of $891,535.58. Following the completion of the sale, the executive vice president now owns 7,271 shares in the company, valued at $523,657.42. This trade represents a 63.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Boston Properties Stock Up 0.0 %

Shares of BXP stock opened at $68.50 on Friday. The firm has a fifty day moving average of $70.28 and a 200-day moving average of $76.48. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. Boston Properties, Inc. has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 685.07, a P/E/G ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 research analysts predict that Boston Properties, Inc. will post 6.91 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.98 per share. The ex-dividend date is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.72%. Boston Properties’s payout ratio is presently 3,920.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BXP. Scotiabank dropped their price target on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Barclays decreased their price target on Boston Properties from $89.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Wedbush downgraded Boston Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th. Truist Financial upped their price objective on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Piper Sandler decreased their price target on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $80.85.

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.