Signaturefd LLC Sells 353 Shares of Boston Properties, Inc. (NYSE:BXP)

Signaturefd LLC cut its holdings in Boston Properties, Inc. (NYSE:BXP) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,556 shares of the real estate investment trust’s stock after selling 353 shares during the period. Signaturefd LLC’s holdings in Boston Properties were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in Boston Properties by 4.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,376,763 shares of the real estate investment trust’s stock worth $260,330,000 after purchasing an additional 174,409 shares during the last quarter. Senvest Management LLC lifted its stake in Boston Properties by 6.3% in the third quarter. Senvest Management LLC now owns 3,035,887 shares of the real estate investment trust’s stock worth $180,575,000 after purchasing an additional 179,547 shares during the last quarter. Northern Trust Corp lifted its stake in Boston Properties by 9.6% in the third quarter. Northern Trust Corp now owns 2,780,809 shares of the real estate investment trust’s stock worth $165,403,000 after purchasing an additional 243,246 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Boston Properties by 27.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,986,269 shares of the real estate investment trust’s stock worth $118,143,000 after purchasing an additional 429,587 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Boston Properties by 86.2% in the third quarter. Ameriprise Financial Inc. now owns 1,957,055 shares of the real estate investment trust’s stock worth $112,977,000 after purchasing an additional 906,069 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the company’s 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 SEC, which is available at the SEC website. Corporate insiders own 1.35% of the company’s stock.

Boston Properties Price Performance

Shares of NYSE BXP opened at $62.94 on Thursday. Boston Properties, Inc. has a 1 year low of $46.80 and a 1 year high of $73.97. The company has a debt-to-equity ratio of 1.99, a current ratio of 5.40 and a quick ratio of 5.40. The company’s 50-day moving average is $63.33 and its 200 day moving average is $62.83. The stock has a market capitalization of $9.88 billion, a P/E ratio of 52.02 and a beta of 1.15.

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

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is presently 323.97%.

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.