LSV Asset Management Has $3.34 Million Stake in Boston Properties, Inc. (NYSE:BXP)

LSV Asset Management lowered its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,600 shares of the real estate investment trust’s stock after selling 2,100 shares during the period. LSV Asset Management’s holdings in Boston Properties were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Boston Properties in the 4th quarter valued at about $29,000. Sound Income Strategies LLC lifted 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 acquiring an additional 424 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Boston Properties during the 4th quarter worth approximately $34,000. Cambridge Trust Co. grew its stake in shares of Boston Properties by 80.1% during the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Boston Properties in the third quarter valued at approximately $47,000. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BXP shares. Wedbush reduced their target price on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Boston Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price objective for the company. BMO Capital Markets dropped their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, Evercore ISI lowered their target price on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.53.

Boston Properties Trading Down 1.2 %

Shares of BXP stock opened at $60.12 on Thursday. Boston Properties, Inc. has a 12-month low of $46.80 and a 12-month high of $73.97. The company has a market capitalization of $9.44 billion, a PE ratio of 49.28 and a beta of 1.15. The firm has a 50 day moving average price of $62.49 and a two-hundred day moving average price of $63.22. The company has a quick ratio of 5.40, a current ratio of 4.77 and a debt-to-equity ratio of 1.91.

Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. Boston Properties’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. As a group, analysts predict that Boston Properties, Inc. will post 7.07 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.52%. Boston Properties’s payout ratio is presently 321.31%.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is currently owned by corporate insiders.

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.